Jul. 25 at 9:14 PM
$SPY $QQQ $JPM $IBKR $SCHW
My call for the SPY was
$750 and I made that call years ago. You’ll notice we’ve seen heavy resistance around this level.
Could the SPY continue higher in the short term, yes, but my money won’t be there. While I still have no open short positions, I’m getting closer to opening a few.
My targets will be primarily travel & leisure and some Tech.
When this margin debt unwinds, it wil be the largest margin call in history.
People don’t realize what’s going to unfold.
It’s not just about the margin calls, it’s about what happens as they get triggered.
We wil see stop losses pile up.
Algos going haywire rebalancing ETF’s due to the sheer volume of ETF’s today.
There are now 4,800+ETFs available in the US and over 14,000 worldwide. This represents an enormous explosion from the year 2000, when there were only about 80 ETFs operating in the U.S. & just a handful globally
The FEAR Selling concludes.
https://x.com/kobeissiletter/status/2080808424468550055?s=46
