A great many economists/strategists/investors alike coming to grips w/probability that ALL the so-called "leading recession indicators" were always coincident indicators and never held true correlation w/forward 4 Quarter GDP.
In general, bad things happening is unforeseeable‼️
$SPX just had 1st "perfect week" since November 2023.
Historically, this is what it means for forward 1-week to 12-month returns. Toss-up 1-week later, but positivity rates increase over time. Solidly higher since last perfect week!
Want greater returns, gotta take greater risk
$QQQ has bigger drawdowns compared to $SPY, but greater returns. Tested 200-DMA successfully, while SPY didnt suffer as much; now SPY just above 50-DMA while QQQ resistance, which may prove a natural profit-taking zone.
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