Honestly, the whole market feels grossly overbought right now. 🤔
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The labor market is so tight right now it’s hard to see inflation cooling too much. That and the government printing bucketloads of money make me a little nervous of what’s ahead.
Grossly overbought? Why do you say that? The average P/E is near the long-term average, although a few stocks are bringing it up.
SPY normally returns 15%ish and is up nearly that 6 months into the year. Things are overheated.
SPY is still down since Jan 2022. It’ll have to surpass that (and be rising quickly) before it feels too hot for me.
