Think like a billionaire. Right now it's either 10 year bond or the S&P500
. The 10 year treasury rate is a measly 0.63% and most billionaires are already heavy in bonds, and right now the market is over hedged (puts). That Economist article opened my eyes. Why wouldn't you just buy SPY
and risk some capital when bonds are so low. Everyone is already a bear and think the market should go down, including me but the bond market is bigger than the stock market and billionaires are sort of forced to go and buy stocks along with unemployed people who are getting free money not working. Cash is trash, anything is better. Maybe this is the top since its converting bears like me lol but just follow the trend and it will work out.