I’m Holding $SPY Despite the Market’s ‘Most Hated’ Rally — Probabli.AI
$SPY hit $710.14 today (up 1.21%) and broke another record. The rally isn’t just alive - it’s thriving and resilient with broad market strength. | SPY
By RealMattMoney · April 18, 2026 · SPY
- $SPY hit $710.14 today (up 1.21%) and broke another record.
- The rally isn’t just alive - it’s thriving and resilient with broad market strength.
- Diversification in SPY remains unmatched versus growth-focused alternatives.
- Selling here is weak-handed thinking. The market has been rewarding patience.
The Myth of the Overheated Market Let’s address the elephant in the room - $SPY hit $710.14 today, tacking on 1.21% in a single session, and no one seems to want to admit this rally is legitimate. It's 2026, the year bears keep calling for a crash, but the S&P 500 keeps defying every panic-driven narrative. Headlines keep labeling this as the “most hated rally,” and I could not care less. Facts don’t lie, and the fact is $SPY is delivering yet another record close while other ETFs like MGK (large-cap growth) and QQQ (tech-heavy diversification) keep fighting for relevance. If you’re selling here, I honestly don't know what to tell you... Why I’m (Still) Betting on SPY The beauty of $SPY isn’t just its price action, it is what’s under the hood. This ETF is the ultimate measure of the United States economy, with exposure across sectors that keep flexing their strength. Software stocks just posted their best week in 25 years (yes, you read that right), and dividend-paying staples are outperforming growth names. Owning $SPY, you’re not forced to pick favorites, you are the market. And the market is displaying its resilience as a whole. Sure, MGK might fit someone chasing pure growth, but in a market this volatile, I’ll take SPY’s broad reach every single time - it helps reduce some of the noise and volatility. Speaking of volatility, let me lay this out: $SPY doesn’t just protect your downside. It’s actively rewarding patience in 2026, even with the economy throwing curveballs left and right. I’m seeing weak hands fold at every headline, but the market is teaching a masterclass in how strength builds over time. If diversification isn’t your thing, fine—go chase pure growth in QQQ or MGK. But if you want to sleep at night while your portfolio grows, $SPY is the move. Some of Big Tech was down over 35% from peak to trough, while $SPY barely touched 10% down if it did at all. Strength in Numbers Here’s the kicker: this rally isn’t just about SPY’s price hitting $710.14 today—it’s about what that price represents. The S&P 500, Nasdaq Composite, Russell 2000, and Dow Transports are all posting fresh records. That’s not a bounce; that’s an unstoppable market refusing to back down. At this point, if you’re calling tops or predicting crashes, you’re betting against the entire trajectory of the modern economy. Good luck with that. CAPEX has never been higher in the MAG7 and we have barely endured 24-36 months for the return on that capital to flow through on the top line. Selling SPY right now would be like selling Apple in 2010 or dumping Microsoft in the early days of cloud computing. The market isn’t wrong here, investors calling for doom are. I have been wrong before, but I know better than to throw in the towel when the scoreboard is screaming strength. Final Thought Weak hands will sell here quoting a "local top", convinced the rally can’t last. But if history has taught us anything, it’s this - the market rewards conviction. $SPY at $710.14 will continue to play. I’m not selling, and if you’ve got the guts to stick it out, neither should you.
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