David Schwartz Mocks Viral S&P 500 Buy Advice Near Record Highs

Ripple ex-CTO David Schwartz has publicly ridiculed momentum-driven calls to buy the S&P 500 at all-time highs following a rapid $6 trillion rally in ten days. The commentary caps a volatile week that began with crypto influencer James Wynn’s 70x leveraged short near 7,400, which faced partial liquidation above 7,467. Mid-week analysis warned that CPI above 3.8% has historically preceded major equity crashes, even as on-chain data showed strong whale accumulation and record $42 billion RWA levels. Schwartz’s three-step sarcastic rebuttal—buy high, ???, profit—has amplified retail caution amid stretched valuations.