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Where to Look for Evidence of S&P 500 Cracks
Schaeffers Investment Research· 2025-08-18 12:41
Market Overview - The S&P 500 Index (SPX) has not reached a new all-time intraday high for six consecutive days, marking its longest streak without a new high since mid-June, closing just 0.32 points below last month's all-time closing high of 6,389.77 [1] - The SPX advanced above the previous all-time high of 6,427 last week, but selling at new highs is not recommended due to the frequency of such occurrences since the late-June breakout [4] - The SPX is currently pausing around the 10% above 2024 close level of 6,469, indicating a potential pause rather than a major pivot [5] Inflation and Market Reaction - The Producer Price Index (PPI) showed a significant increase of 0.9% in July, compared to the forecast of 0.2%, which could have triggered major selling, but the market reacted neutrally [6] - The lack of selling pressure may be due to hedge fund managers exiting positions in response to tariffs and inflation concerns, while active fund managers reduced equity exposure leading up to the PPI release [7] Sentiment and Technical Indicators - Market sentiment is cautious, with the percentage of bullish investors in the American Association of Individual Investors (AAII) falling below 30% for the first time since early May, which historically has been a buying opportunity [7] - The 30-day moving average is a key technical indicator, currently projected to be around 6,365 by week's end, and serves as a potential guide for identifying cracks in the current uptrend [12]
X @Andy
Andy· 2025-08-15 17:02
Be careful with these.These aren't actually representative of ownership of these companies and imo should be handled with caution.Not to mention, the valuations on these things are absolutely massive ($3B-$515B) and likely aren't suited for most of CT's size.While I think this is a unique experiment, its hard to know how this will actually play out. It feels like a worthless wrapper/derivative token which has extra risk (self-custody/smart contract risk) as well as potential lack of liquidity.Very innovativ ...