This chart shows the S&P 500 SPY ETF and I've outlined two simple possibilities that I am watching for.
Option 1 - We are going to slowly grind down, weekly, until the end of the year. With volatility coming back in spurts.
Option 2 - YOLO! There is too much free money, the Fed will support it, it's a rocket ship as speculators take over and the Fed continues to keep rates at 0%.
I lean toward option 1 being the more likely outcome, but this market has shown that there is plenty of cash on the sidelines to go around.
Option 1 - We are going to slowly grind down, weekly, until the end of the year. With volatility coming back in spurts.
Option 2 - YOLO! There is too much free money, the Fed will support it, it's a rocket ship as speculators take over and the Fed continues to keep rates at 0%.
I lean toward option 1 being the more likely outcome, but this market has shown that there is plenty of cash on the sidelines to go around.
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Follow me on X here: www.x.com/scheplick