Crash

History might not repeat but it sure rhymes which seems to be the case here. I remember back in 2000, right before the Dot Com crash when four stocks, affectionately known as the “Four Horsemen” ruled technology. They generated so many gains with quarter after quarter of earnings growth. It seemed to go on forever until it didn’t anymore. I’m talking about MSFT, INTC, CSCO, and Dell.. Today we’re repeating this same lunacy except it’s the Magnificent Seven that rule technology in nearly the same way. Their strong price action is pushing the S&P500 to new all-time highs, which I’m a BIG fan of, but I can’t help but wonder one damn thing. ...

Is the market in good shape? Will it go higher from here? Or will it crash? There’s a lot of chatter out there right now and no one knows what’s going to happen in the markets. NVDA is breaking out and moving higher but BA is selling off like crazy. Talking heads think the Fed has engineered a soft landing for Wall Street but Main Street isn’t feeling so good. Traders and investors are nervous about this all going “tits up” but are more scared of missing out. On top of that, it’s an election year and Trump wants to market to crash under Biden. Meanwhile, Biden has been canceling student debt and exporting more oil than ever. ...