The signs of a potential double top on Nasdaq are alarming. Valuations can’t soar indefinitely, and the lingering inflation issue adds complexity.

Call me crazy but I believe we are in the process of forming a major double top on Nasdaq.

Valuations don't grow to the sky and the inflation problem is far from over.

Today's weakness in megacaps despite the Fed pivot is the tell. pic.twitter.com/c2nPSjifJD

— Otavio (Tavi) Costa (@TaviCosta) December 14, 2023

The reason why Tech stocks which usually perform well under low interest rates were negative today, and banks which usually perform badly under low interest rates were hyper bid is because long/short hedge funds are getting liquidated and reversing their trades. pic.twitter.com/ZTSwnrjqNU

— Mac10 (@SuburbanDrone) December 14, 2023