Miner Company
S&P 500 Is Hitting The Upper Circuit: Here's What Happens Next
The S&P 500 has rallied 13% since March 30, reaching all-time highs, but it faces growing downside risk until a durable resolution to the Iran war is reached. I downgrade SPY to 'hold' as risk-reward is now unattractive, with only 1.5-2% upside versus potential 15-20% downside.
The S&P 500 has rallied 13% since March 30, reaching all-time highs, but it faces growing downside risk until a durable resolution to the Iran war is reached. I downgrade SPY to 'hold' as risk-reward is now unattractive, with only 1.5-2% upside versus potential 15-20% downside.