Well, insane valuations are no problem for big tech. As I’m typing this, the NQ is up nearly 300 more points, wildly outpacing the small caps (which have managed at times today to actually turn red):
My favorite sector for bearishness remains energy; here is $XOI:
My hope that gold will have its day in the sun (well, more like multiple years in the sun) has never gone away. God knows I’d love to be reporting on daily lifetime highs in precious metals instead of crypto. The $XAU is starting to form what might be a nice continuation pattern in the form of a saucer.
