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On Sunday, when the futures markets opened up, the equity futures had a briefly popped and then settled down into virtually unchanged. (Briefly, the /NQ was even a little negative). Over the course of the night, however, the markets absorbed what I assumed are the political ramifications of this weekend and pushed steadily higher. I’ve highlighted in red the brief and peculiar period in which markets completely shrugged everything off. Here’s the /ES:
After a couple of days of modest weakness, it’s no shocker to see a little green this morning. With decades of conditioning, humans are going to be “buying on the dip” at any opportunity, never know when it’s already too late. The world is going to be completely obsessed with NVDA for the foreseeable future, although I am confident the same thing is going to happen to them as happened to Cisco – – in a couple of years, no one will care about them. Not even a little.
This is what generational tops smell like.
In spite of all evidence to the contrary, I think a lot. There are a lot of things I don’t do in life, such as going to the movies, watching television, going to clubs, and most other activities which require a lot of time socializing. Not to say that I’m a hermit; far from it. But, with the kids out of the house, I’ve got a lot of time to ruminate, for better or worse.
Given the events of recent days, I’ve been thinking more than usual as I do yardwork and walk the dogs, and I’ve settled upon a decision I think will be constructive in my life and whose foundation will perhaps be worth sharing.
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