Can the S&P500 rally 1% everyday? SoFi Technologies IncBATS:SOFITrading-CapitalThe SPX has had another massive rally, just slight off of all time highs. We trimmed many longs / sold positions into todays strength. The v shaped recovery in the indices is super impressive considering oil is still up about 37% since the start of the war. Semi conductors continue to lead the market higher. SOXX just had the largest 3 week rally since 2002. As the semis go parabolic they do pose a systemic concentration risk to the whole market. When ratios between stocks, etf, and sectors become so skewed to one side, something can easily go wrong and create a big unwind.