Lanceljx
10-07

Iā€™m not chasing the S&P 500 above 7,800. šŸ“ˆ


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 Iā€™m still participating, just not accelerating. Earnings need to prove that fundamentals can catch up with prices. šŸ“Š

Banks Fire Earnings Season, TSMC Next ā€” How Do You Read Week One?
U.S. equities rallied Friday: Nasdaq +0.64% to 27,366.17, S&P 500 +0.59% to 7,811.54, Dow +0.83% to 51,654.95, QQQ +0.49% to $751.27. Earnings season opens this week: JPMorgan and Wells Fargo go first, TSMC reports Thursday, with CPI and PPI alongside. Bulls say high rates lift bank net interest margins and TSMC's CoWoS capacity is locked in; bears say consumer confidence is near recent lows and Friday's rally may not hold if guidance disappoints. Bank earnings or TSMC ā€” which matters more this week?
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