Just finished washing those two bowls in the kitchen sink, leaned on the countertop scrolling through some charts, and my hand stopped at $SPY .
A lot of folks say this stock has no story, and it’s only up +0.22%, ranging between $737.83 and $745.44 over the last 24 hours, like plain water. But over the past couple of years, I've found that the more boring something looks, the easier it is to hold in a portfolio.
$SPY is basically just tracking the overall performance of the biggest companies in the US. You don’t have to gamble on which one will suddenly explode, nor guess which earnings report will crash; it’s riding the profitability of the entire market. The fact that it’s still ranked #15 in Binance’s perpetual gainers and #12 in trading volume shows there are plenty of eyes on it, not some obscure stock that nobody cares about.
I’m leaning bullish for another reason: the market isn’t too volatile right now. The perpetual price is $743.63 with a 24-hour trading volume of $23.14M USDT, but the funding rate is still +0.0000%, with 19,022 contracts open. I know this vibe too well; it indicates that people are in the game, but the sentiment isn’t boiling over. Often, the toughest thing isn’t riding the big surge but finding a less crowded spot where sustained capital is willing to hang around, and right now, $SPY has that vibe.
Another practical point: if you buy into a single sector, you can get blindsided. Buying $SPY is like buying diversification all at once. For someone like me who’s taken big hits in futures before, this stock might not be the most exciting, but it allows for some peace of mind. Especially when US stocks are frequently used as a base asset by global funds, it’s inherently more stable than pure sentiment plays.
Of course, don’t think it’s a walk in the park. It’s still tied to the US market, and if the macro winds shift, index-related assets will turn back too. If I had to nitpick, its short-term elasticity isn’t that crazy; if you’re looking for thrills over a day or two, you might not find it here.
But if you ask me if I’d give it a second glance, I would. If it were me, I’d rather take it slow on a stock like this than chase after those wild swings that pump up emotions. If I lose, don’t remind me; if I profit, buy me a coffee.
$SPY #USStocks
A lot of folks say this stock has no story, and it’s only up +0.22%, ranging between $737.83 and $745.44 over the last 24 hours, like plain water. But over the past couple of years, I've found that the more boring something looks, the easier it is to hold in a portfolio.
$SPY is basically just tracking the overall performance of the biggest companies in the US. You don’t have to gamble on which one will suddenly explode, nor guess which earnings report will crash; it’s riding the profitability of the entire market. The fact that it’s still ranked #15 in Binance’s perpetual gainers and #12 in trading volume shows there are plenty of eyes on it, not some obscure stock that nobody cares about.
I’m leaning bullish for another reason: the market isn’t too volatile right now. The perpetual price is $743.63 with a 24-hour trading volume of $23.14M USDT, but the funding rate is still +0.0000%, with 19,022 contracts open. I know this vibe too well; it indicates that people are in the game, but the sentiment isn’t boiling over. Often, the toughest thing isn’t riding the big surge but finding a less crowded spot where sustained capital is willing to hang around, and right now, $SPY has that vibe.
Another practical point: if you buy into a single sector, you can get blindsided. Buying $SPY is like buying diversification all at once. For someone like me who’s taken big hits in futures before, this stock might not be the most exciting, but it allows for some peace of mind. Especially when US stocks are frequently used as a base asset by global funds, it’s inherently more stable than pure sentiment plays.
Of course, don’t think it’s a walk in the park. It’s still tied to the US market, and if the macro winds shift, index-related assets will turn back too. If I had to nitpick, its short-term elasticity isn’t that crazy; if you’re looking for thrills over a day or two, you might not find it here.
But if you ask me if I’d give it a second glance, I would. If it were me, I’d rather take it slow on a stock like this than chase after those wild swings that pump up emotions. If I lose, don’t remind me; if I profit, buy me a coffee.
$SPY #USStocks