Wouldn't surprise me at all either. It's clear to every sane human that upside is limited here, and downside potential is huge given everything that's being ignored. Recession risks are higher than any point aside from 2022, and we're acting like GDP is double digit.
A possible reason: the US-China trade deal seems to be a reality now. Ie phone call with Xi, TikTok deal, etc.
GDP projections for the USA are positive, too.
Fed is forecasting stronger gdp, stronger employment, and higher inflation. And is forecasting more rate cuts into 2026. Bullish until data proves otherwise.
I favor IWM, and RSP for equities here as the market broadens and searches yield out the risk curve.
I mean NVDA p/s higher than CSCO p/s during 2000 and the market is at the highest valuations and the highest market cap/GDP in the history of the market ever but go on queen.
My point is about the upcoming bubble.
China equities kinda roaring right now. Whatever the Politburo did to prop it up pre-Trump worked, and then some.
US equities are also pushing ATHs. Nothing bad happening in treasuries. Nine dots point to more cuts, GDP wasn't forecasted negative or anything.
Now Trump/Xi are slated to get on a call.
I think it would be a monumental fuck up of epic proportions if them 2 clowns can't get their shit together and make trade work.
The situation now isn't bad, there is absolutely no fucking reason to throw a wrench in there and mess things up.
Everyone has waited long enough for both governments to deliver on RESULTS, any results imo.
Today they HAVE to deliver something positive.
If they don't, both sides are gonna be slammed as being fucking incompetent.
So CALLs...even though its scary as fuck.