$SPCX IPO could mark a local t

$SPCX IPO could mark a local top in the stock market, broader market corrects, then we see the AI wave continue to new ATHs.

With rising US bond yields, inflation rising, there’s a risk of the market testing the new Fed Chair as @fundstrat has been calling.

This could definitely cause a 10% correction in stocks.

Anticipating SPCX to pop on IPO due to hype and limited supply, but overtime as hype fades and supply unlocks, shares should consolidate and pullback.

While I’m bullish on SPCX, I don’t think it’s ideal to buy into peak IPO periods.

This has major implications for $TSLA given SPCX is going public and speculation on a merger continues.

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