April is historically a strong month for the SPX
April is historically a strong month for the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ .
A mid-month dip during tax day/week has also been the norm since 1985.
Asset managers’ speculative positions in the SPX (options, futures, etc.) have risen to a record high.
Tech is dominating equity flows in 2024. 9 of the other 10 sectors have net outflows YTD.
https://twitter.com/Marlin_Capital/status/1774943900601401378
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.
- moonbop·04-02👍LikeReport