S&P 500 DEJA VU: LAST YEAR'S DIP BECAME THIS YEAR'S ATH
The S&P 500 is experiencing a pullback similar to the one we saw at this exact time last year. That dip then turned into a new all-time high within months, signaling institutional accumulation rather than capitulation.
History doesn't repeat, but it rhymes—and the pattern here is worth noting. When broad indices shake out retail traders, smart money typically loads up ahead of the next leg higher.
The timing of this dip matters too. We're seeing it right before earnings season kicks up and economic data gets fresher, which could provide the catalyst for the next push.
Are we about to watch the same playbook unfold again?