We are all conditioned to buy any 100 day mov avg pullbacks as why…markets never go down right…BUT..forget the war, what is brewing in the back?
S&P 500 is now just 3% from the HIGH MADE IN OCT 22!!
As much as everyone loves being long the market, it depends where you buy it, as one can be flat for 2 years if dont trade around it.
Also everyone is so conditioned to buying any pullback and adding SPY to their retirement account, this time the index represents 30% Tech risk so it is not really representative of the US econ!
We break down what our quantitative factor models suggest for asset classes - as macro signals are coming into play now!