Perhaps no chart captures the euphoria of the three-year-old bull market than Nvidia, which has crossed into $5 trillion territory. No other company in history has done that. NVDA, and the AI Bubble itself, have an invincible feel.
That company’s earnings are a month away. In the meanwhile, today’s mega-events are the FOMC (in just a few hours) and three multi-trillion-dollar companies reporting. Those are META, which is at the same price it was back in February:
MSFT, which has been very strong the past few months and whose challenge is to best its own lifetime high (horizontal line):
And GOOGL, the steadiest climber of them all, and the only one of these which is already at lifetime highs.
The folks at ZH are, of course, doing their daily duty of parroting whatever JP Morgan and Goldman Sachs are saying to keep the buying going forever.
I am coming into the day medium aggressive. This is going to be one of those don’t-leave-your-monitors type days, so hold on to your bootstraps!
