The S&P 500's CAPE ratio just hit 41, making it the second highest ever. The only time it was higher was back in 1999 during the dot-com bubble peak at 44. The market is expecting everything to go perfectly.
Whenever you're down on yourself, just think about this:
Adults spend tons of cash on "boot camps" to hear other clueless adults ramble on. 😂
That's straight-up scamming 🔥
$SPY is approaching a big level around 741 🔥
50% retracement of the recent drop
20-day EMA
If we close above it tomorrow, the bull trend could start looking strong again.
First week of April we said we would be buying aggressively
And we have been
More than any other phase over the last 3 years because we felt the market had not topped and we were entering a phase where the market would rip higher and run all the way to September
We are seeing that happen now
So are $CRM and the big software names seeing that SaaS rally fade out?
I’ve been saying this for a while — AI is shaking up old-school software. Models keep improving, their abilities keep growing, and that protective moat around a lot of these products? Might not be as so
Big news! ServiceNow and IBM are teaming up to bring enterprise data into the AI spotlight. 🚀
They’re cooking up joint tools to modernize old tech, link ServiceNow’s Workflow Data Fabric with IBM’s data smarts, and make IT run itself.
Expect these to hit the market in