$SPY - Thoughts.
Added 2024-06-10 12:09:17 +0000 UTCTotal Market Cap is now at $55.1 Trillion
Last time this happened was in November 2021, which was met by 1 year aggressive decline.
Earnings have not improved since the 2021 level either but Revenue has increased slightly.
So we are not quite at the top yet but it is getting very close.
When the market is in Wave 5, you start preparing by adding safe havens.
Comments
Money will rotate to other sectors as well spy will decline in waves as cap has charted
Lets Go
2024-06-10 14:00:53 +0000 UTCHi Cap, with the mega caps and SPY finishing wave five does this mean the whole market moves down or does money move out of these larger caps and head OS or into smaller caps?
Beni
2024-06-10 13:39:09 +0000 UTC
