Market Tops Follow a Sequence — And We’re Not There Yet

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Market Tops Follow a Sequence — And We’re Not There YetS&P 500SP:SPXbrian7683This chart highlights how major market tops tend to form in a repeatable order: 🟢 Corporate profits peak first 🔵 S&P 500 makes its final push 🟠 Jobless claims begin to rise after IMO, those are the 2 indicators to really look at: Profits + Jobless claims. The vertical lines mark prior tops — and the pattern is consistent. Right now, that full sequence hasn’t clearly played out. 📉 Which suggests: The conditions that typically mark a top are not fully in place yet. That doesn’t mean risk is low — it means the process of topping is usually gradual, not instant.