rsmracks
Sep 27, 1:09 AM
$SPY
I’ve said for years that
$750 would present heavy resistance. Where are the earnings coming from as we head into 2027 that can get the SPY to
$850-900?
I will begin scaling in short again soon.
I initiated at
$770 and covered it within a few days on weakness.
I won’t begin again until
$790 this next time.
Scale in short every
$20 increase.
Currently the SPY is priced based on perfect forward earnings expectations.
By the end of Q1, the revisions will start pouring in.
I will remain 65% allocated to miners and 20+% allocated to energy into early 2027.
The SPY basically holds 5% total weight to these sectors. I’m holding 85+%
SPY
$850 down to
$630 when it drops.
That’s only 25% drop
It could be much worse.
Where will the bond yields be by mid 2027?
$TLT $B $JPM $BAC
https://x.com/peterschiff/status/2103871017219428716?s=46
1 replies