Summary
- The S&P 500’s structure might end up being its downfall.
- For a long time, the lack of reinforcements beyond the Mag-7 and a scant few others outside the top 20 stocks has not come to the fore. Until now.
- This leaves the market more vulnerable to a tech correction than at any point in this cycle. Because financials, staples, and healthcare, among others, cannot pick up the slack.
- My portfolio maintains low net equity exposure due to a lack of attractive technical and valuation catalysts across most large-cap stocks.
- Looking for a helping hand in the market? Members of Sungarden Investors Club get exclusive ideas and guidance to navigate any climate. Learn More »
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I track several watchlist and review each one multiple times a week. Some contain ETFs, and others have stocks. And I make them all available for public viewing. They’re not my holdings; they are the securities I’m most likely to consider owning “at a price.” That list
Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Regularly own ETFs and options relating to SPY, DIA, QQQ
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