Hard Penny
Detailed analysis below...
The choppy market action continued on Thursday with stocks giving back yesterday’s gains. The S&P 500 fell -0.3% while the Nasdaq dropped -0.4%.
Walmart beat solidly on earnings, but its soft 2026 guide set a cautious tone right out of the gate. Oil jumped another 2% on Iran war fear, with reports the US military could be ready to strike as soon as this weekend. All eyes now turn to tomorrow’s PCE report to see if the Fed has any reason to change its tone.
Current Marlin Capital Holdings
The Psychology of This Dip
The more I think about the psychological aspect of the market here, the more I believe this dip will likely prove to be a Bear Trap.
Here’s why. 👇
Let’s take a look back at the Dot Com and Covid Bubbles
I have been comparing the AI Bubble to the Dot Com and Covid bubbles since last May.
These comparisons have been incredibly useful for understanding where we might be in this cycle. These are our 2 best historical comps, and I keep coming back to them for good reason.