Following the S&P tracking along with AMC - what are your thoughts on a possible collision course with the bullish sentiments of AMC and the bearish sentiments of the S&P?
I have the exact same thought
Seems that a divergence can happen and more than likely will. AMC and S&P will be negatively correlated. This is why AMC seems to be a good hedge against a certain short term S&P plummet. They are going to have to pay for the losses on their shorts from somewhere. Sell the big names to cover. Over time this coming event in August will be magnificent short term, but part of the norm going forward in an exponentially growing economy. There is a generational turnover of stocks moving from old value based on old human behaviors i.e., PM not selling cigarettes in 10 years) to new ones that are more in line with health and humanity. The old guard does not like this so much because their pants down in an embarrassing act.
This is just my opinion in a world where my opinion should be weighted very lightly. Peace!
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Got to say the indices are looking as though they are under correction already with these down trends. Post what we have just been through in the past 2 weeks. VIX is also unsettled. However, the markets do spend most of their time in wave 4’s. I still got the S&P to top 4444 (angel number).