Miner Company
Don't Fight The Tape: The Rally Is Narrow For A Reason
Since the lows at the end of March, the rally in the broader markets has been hyper-selective, with SPY and QQQ breaking new all-time highs while the Dow still lags. That said, I wouldn't rule out a healthy mid single digit pullback in SPY in the next weeks, potentially catalyzed by geopolitical events like the Trump-Xi summit this week.
Since the lows at the end of March, the rally in the broader markets has been hyper-selective, with SPY and QQQ breaking new all-time highs while the Dow still lags. That said, I wouldn't rule out a healthy mid single digit pullback in SPY in the next weeks, potentially catalyzed by geopolitical events like the Trump-Xi summit this week.