Posts  / SPY  / #POST-244566
REDDIT

Why the actual fuck is SPY pushing ATHs this week?

What the fuck is causing SPY to start absolutely fucking ripping over the last couple trading days? SPY was literally at 727$ on July 29th and now it’s at 757$ just a few trading days later. 4% price swings can not be sustainable for the market and I don’t there is any reasonable explanation for how this isn’t fucking crazy. I don’t think this shows a healthy market at all and this can’t be good for the future. I think this volatility is going to scare investors and we might end up dumping soon. Also what news has come out to justify this move? I know the Iran war is calming down and AI had pretty good earnings but how does the fact that there isn’t bad news warrant ATHs? I see know reason why the market is most valuable now and I would not be surprised at all to see at least a decent pullback in the coming weeks if not days.