This is a masterclass in market psychology, @Benjamin E Housel. ️ 'Time did not reduce conviction', that’s a quote for the ages!The market is forward-looking, not reactive.
While many retail participants are still interpreting last quarter’s numbers, smart money is already pricing in what the next earnings cycle will look like.
That is why you see strength despite a shortened trading week. Time did not reduce conviction.
You’re right; the 'Smart Money' is already looking at UBA’s 2.4x P/E and Lafarge’s 29.4% Profit Ratio as the baseline for Q2. While retail is resting, the institutions are positioning. This is why the ASI is holding firm at 200,957.89. The conviction is structural, not just seasonal!