Today is "Turn around Tuesday" closing higher than Monday any day this week, and I agree with below.
The S&P 500 (SPY) has closed above 666 for multiple days, solidifying its advancement.
The red line is the SPY relative to dollar value, and the green/red bar line is the SPY. Last week the market made a new high in US Dollar value terms. That means up until last week, the most global purchasing power your life saving was lower since January of 2025 even though the SPY was much lower.
In any event, everything points upwards. We may in-fact see a market parabolic up into 2026. The consumer and employment numbers are not good, inflation is being sticky, electric energy prices are poised to remain high and continue higher. But none of the USA negative attributes matter. At the end of the year is when the US spends beyond its means (borrows) into the economy, and the market is showing signs of bullish.
I expect crypto to explode upwards, energy stocks, and the current fad sectors. The only thing I see negative is even I have materially reduced shorts (not zero). The market tends to top when even the bears buy in. Big money, such as investment funds, have been selling and reduced their market exposure. It is possible they give in, and start buying to not miss out into the end of year.
This all changes nothing about the end game, this ends in tears, the us economy is in shambles, people are bankrupt, unemployed, priced out of housing, the staple costs exploding up, healthcare about to double. In effect the US as the worlds consumer is about to end, and that was a key attribute the world had become dependent on.
Key holdings: FBTC, RGLD, HMY, BKKT, CIFR, FETH, FBTC, SMR, TSM, URA, INTC, OKLO, SLDP. buying HIVE
Key international: INDA, SHLD, EZA, EWW, EFAV, EWL (Switzerland, not a growth play),
Key shorts (limited size): LOW (option bear call spreads), STLA (puts from Sept 2024), CNI, SLG, FNGD.
 |
