I’m not chasing the S&P 500 above 7,800. 📈
Record highs alone are not a reason to sell, but valuations and market concentration make Q3 earnings especially important. I want to see whether earnings growth and guidance can justify the latest repricing, particularly across AI, memory, optical communications and power infrastructure.
The easing 10-year Treasury yield is supportive, but if yields reverse higher or mega-cap guidance disappoints, the market could quickly test how much optimism is already priced in.
My approach: keep DCA-ing into broad-market ETFs rather than trying to time the top, while keeping some cash ready for a meaningful pullback. I would rather add more aggressively after a correction than chase a euphoric rally.
So I’m still participating, just not accelerating. Earnings need to prove that fundamentals can catch up with prices. 📊
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