ATH after ATH
The S&P index marked a new ATH yesterday, closing at 6,445 points. We are up +10% YTD, +19% on an annual base and +30% since the tariff crash in April. Impressive returns.
The rallye is mainly driven by the Mag7 big techs like Microsoft, Meta or NVIDIA. Apple and Alphabet also coming back lately. Only Tesla and Amazon are weakening a bit.
Is it getting hot now?
Are we heading into another correction soon? That’s hard to say, timing is a bitch they say. But imo there‘s nothing cheap within those markets and I wouldn’t go in now if I am not a very longterm investor.
Shortterm the odds are rising for a consolidation though that doesn‘t mean we could not rise even further in the coming months. Hodl guys and take some profits if you like.
What is your expectation for the next few months?
