Market exuberance

It’s felt frothy for a while, but correction not yet happening. AI is here to save the day, right?

I see the green bars going up at an accelerating rate. This is not that common to see. I avoid buying in times like these - though I am happy to buy selective stocks like BXP, or hold winners like SMCI or PLPC with stops on them.

SPX commonly sees 6-7% pullbacks. I can't say what future holds, of course, but that would put index back around 4150.

Even if you don't buy a recessionary gloom and doom theory - I envision one yes, but the market looks forward - then a pullback is a better buy than here. IF it happens.