The true bull market will begin when indexes such as SPX and ndx are flat/down

GA907
2023-06-17

The true bull market will begin when indexes such as SPX $S&P 500(.SPX)$ and ndx $NASDAQ 100(NDX)$ are flat/down but ~70% of stocks that represent them are up.

Nothing new! The same thing happened during the 70s inflation, albeit it took a bit longer for indexes to recover, though inflation was much higher/stickier back then.

ImageImage

The narrative was: tech hates high-interest rate environment,it performs horribly in it.

Reality: tech hates uncertainty, once that uncertainty is gone, quality companies do well no matter what. 70s inflation and market performance was my number 1 reference point on how to play the markets this year.

ImageImage

When confidence is gone from this sector, it's hard to bring it back. $70 WTI won't cut it. $WTI Crude Oil - main 2308(CLmain)$ $Micro WTI Crude Oil - main 2308(MCLmain)$ $E-mini Crude Oil - main 2308(QMmain)$

ImageImage

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment