Rate Of Returncoyg!!
$SPDR Gold Shares(GLD.US)
This market has the hallmarks of a bubble top. I wanted to avoid using that description and was holding back but I will say it. Parabolic moves with narrow leadership in AI names, lofty forward projections and mega blockbuster IPOs requiring liquidity equivalent of country’s GDP of futuristic tech which are not even profitable etc. Its like the dot com era again! Even the technicals look similar!
Add to that a stagflation possibility in a market drained of liquidity.
Wow…..Am I the only one seeing this?
Boring as it may be, I am going defensive. Like the Arsenal, attack wins you matches but defence wins you titles!
Champions League Finals tomorrow. COYG!
@Bridge Buzz SG
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