The bifurcation of the market continues apace. On the one hand, we have the S&P 100 (represented here by the ETF) pushing to the highest point in human history, all while the economy is in an utter shambles.
Although some specific sectors, such as real estate, seemed to have turned the corner lower.
It’s no different with individual stocks. Apple has slapped on one-fifth of a trillion dollars in value in a mere 8 trading hours (!!!!!!!!)…….
Whereas Amazon, which I am cheerfully short, isn’t playing along.
I have trimmed back to 30 positions, all of them in the green as of this writing, and will be evaluating my 67 short candidates to see which of those I will re-enter.