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I was looking at an overlay of VPU (energy utility ETF) and SPY (S&P500 ETF) and was shocked to see that going back to 2007 both married up exactly until the pa
by datavirtue 2y ago
I was looking at an overlay of VPU (energy utility ETF) and SPY (S&P500 ETF) and was shocked to see that going back to 2007 both married up exactly until the pandemic when the S&P went to the moon. I think a lot of retail short-term "investors" entered the market and they are all still there trying to get rich trading breakouts. There is precedent for this (1920s and 1990s) but not at this scale and level of ameture.