To The Moon

$S&P 500(.SPX)$ broke the 2/4 trendline. The 5-wave advance from April is officially complete Friday's 78.6% retrace is a textbook wave 2 — and wave 3 down to 6,500 is next. $Dow Jones(.DJI)$ just made a new ATH without SPX and $E-mini Nasdaq 100 - main 2603(NQmain)$ confirming. The bear market starts now. Leaders top first. Leaders bottom first. That's what makes them LEADERS. $Microsoft(MSFT)$ topped July 2024. SPX topped 7 months later... THEN IT CRASHED 20%. Now look at today. MSFT topped July 2025. SPX topped 6 months later... Same leader. Same pattern. Same warning. You think that's a coincidence?

Sector Rotation: Why All-Time Highs Are Decoupling from Reality Through the first six weeks of 2026, a stark divergence has emerged in market leadership. While the $S&P 500(.SPX)$ remains near elevated levels, traditional growth engines like Technology and Consumer Discretionary have significantly lagged the broader index. Instead, the heavy lifting is being done by defensive and cyclical sectors, with Consumer Staples, Energy, Industrials, and Materials all outperforming. This rotation suggests a defensive posture among institutional participants and warrants extreme caution. Historically, when the “Real Economy” sectors lead while Tech falters, it signals a lack of risk appetite for the high-beta names that typically sustain a healthy bull m

Despite the relief rally on Friday that saw the $Dow Jones(.DJI)$ achieve a historic close above 50,000, the technology sector remains under intense scrutiny as it faces an uphill battle to reverse its recent underperformance. This divergence serves as a significant warning for the broader market, particularly as the “AI trade” shifts from euphoria to an era of massive capital expenditures. $Amazon.com(AMZN)$ ’s staggering forecast of at least $200 billion in infrastructure spending for 2026, a $50 billion overshoot of analyst expectations, has intensified concerns that aggressive investments by hyperscalers like $Alphabet(GOOG)$