I admit I’m quite confused about why SPY has rallied so hard the last week. I understand Powell has somewhat of a softer tone his last speech, but I’m not seeing anything that’s particularly bullish. Yet here I am watching SPY continue higher without any pullback whatsoever.
There are some articles I’ve seen that have speculated that rate cuts may be coming but nothing definitive. So I guess my question is do you think this rally is real and spy will go back to all time highs or is this a fake out?
