Gravity is unrelenting and inevitably prevails.
The forward P/E ratio of the S&P 500 is now nearly as high as it was at the peak of the Tech Bubble.
It's understandable that during periods of euphoria, less experienced investors might claim that valuations are irrelevant.
— Otavio (Tavi) Costa (@TaviCosta) June 20, 2024
Insiders relentless selling pic.twitter.com/n5aoixFiQ3
— Win Smart, CFA (@WinfieldSmart) June 19, 2024
US STOCK MARKET WARNING:
NASDAQ index is now the most overbought since February 2018 when Volmaggedon happened.
The RSI is even higher than before the 2020 COVID crash.
This comes after the US tech stocks index has rallied by 19% year-to-date.
Is this a time for correction? pic.twitter.com/WZ8WgQ5LbD
— Global Markets Investor (@GlobalMktObserv) June 19, 2024
Volatility is dead.
We are currently in the longest stretch in the post-GFC era without a -2.05% daily selloff in the $SPX. pic.twitter.com/48tLOXZxo8
— David Marlin (@Marlin_Capital) June 19, 2024