Market Dip, really?

I am looking at the market right now, and this is another one of those buying opportunity. Why? The market still has life in. This is way too early, for a bubble to burst. In the 90’s we saw the bubble burst when large amount of companies reported large earning miss.

We still have not gone through that period. So why did the market fall today? Broadcom reported strong earnings, It actually beat EPS: Q2 FY2026 non-GAAP EPS was $2.44, above consensus estimates around $2.32–$2.40 depending on source. Revenue was $22.2B, up 48% YoY. But their forward guidance was weaker than expected indicating, a decline in capex spend by the hyperscalers.

Other reason was the stronger than expected jobs data which is usualy a good sign for the economy, but in this case not as much. See the FED started cutting rates, because of the weak labor market, but see that invert has started poking questions of a fed rate hike. For now I don’t see it, polymarket is pricing in a possibility of rate hike by end of this year, but fed futures is pricing in rate hikes next year, with belief that they are waiting out as well.

To show why this is a good opportunity I have attached a chart showing the market technicals of the SPX. The technicals like the MACD and RSI is showing the momentum is weaking, but the OBV is showing the buyers are still in power.

Interesting times!