Good morning, everyone. Want to see what the market is doing? Do you seriously have to ask?
Up, up, up, to record highs. Same old, same old. And, of course, it continues to be all about semiconductors, which apparently have become both a food source and a cure for cancer.
Even weird-ass-named companies like “SK Hynix” are now worth over a trillion dollars (Yes, I’m serious – – SK Hynix. Catchy, huh?).
Here’s the SMH overnight:
Foolish as it is to doubt anything but lifetime highs each and every day, I feel it is my duty to at least mention the measured move on the /NQ has been met. Just sayin’.
Oil, on the other hand, is clearly signaling we can completely forget about Iran at this point. It’s ancient history.
Just like yesterday, all the equity futures are green with the exception of the Dow Industrials, /YM.
Finally, my largest short, Bitcoin, continues to be weak, God bless it.
