This is not a real market. In this instance, the trend is only your friend as long as you are smart enough to get the hell out of the way before it crashes.
But it will crash.
The rubber band must snap back. t.co/YqnTC1TBtn
— Uncle Milty’s Ghost (@his_eminence_j) July 10, 2024
AI was grossly, criminally oversold for a stock pump.
Don’t forget these companies in a couple of years when their stocks lay in waste and your 401(k) took a beating. t.co/Pqrb8H9IdP
— Uncle Milty’s Ghost (@his_eminence_j) July 10, 2024
Our data shows a new record high for the spread.@bespokeinvest @dailychartbook t.co/qf9wDMUSLR pic.twitter.com/xdd1PWaFhl
— Dean Christians, CMT (@DeanChristians) July 10, 2024
MEGA-CAP TECH STOCKS ARE GETTING EVEN BIGGER:
Nasdaq 100 index of technology stocks have rallied 21.5% year-to-date whereas its Equal-weighted representation by a MERE 2%.
This means that only a few Big Tech stocks have driven the performance of the entire index.
Truly insane. pic.twitter.com/UzEUBueqZ9
— Global Markets Investor (@GlobalMktObserv) July 10, 2024
1) S&P 500 just hit its 36th all-time high this year and is up 17%
2) The index has not seen a 1% decline or more in the last 47 trading sessions.
3) The US government spends money as if there is a crisis
Read the weekly market recap, week 27/2024 👇t.co/1P4SNXeJEr
— Global Markets Investor (@GlobalMktObserv) July 10, 2024
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