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SPX: Animal Spirits Are Finally Turning

By Seeking Alpha February 20, 2026 Bearish
SPX: Animal Spirits Are Finally Turning
The S&P 500 appears to be entering the early stages of a major market reversal, led by a sharp downturn in software stocks. Optimism among investors and business owners has created a self-reinforcing bubble that is now showing signs of unraveling.
The S&P 500 appears to be entering the early stages of a major market reversal, led by a sharp downturn in software stocks. Optimism among investors and business owners has created a self-reinforcing bubble that is now showing signs of unraveling.