We sure seem to be repeating recent history, don’t we? The recent 10%-plus run up in the S&P 500 Index ($SPX), in just 11 trading days mind you, is reminiscent of 2025’s “Liberation Day” market event.
In the current climate, this vertical pop feels less like the start of a new bull leg and more like a technical head-fake. Yet at the same time, I have learned to never underestimate the power of the “passive flow.” That’s the relentless investing into 401k plans, most of which simply says “buy that S&P 500 index thing, and let me get back to what I was doing.”
