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The powerful “Great Tech Reset” continues to unfold in this market. I’m convinced; semiconductors and various key tech tickers keep breaking out of beautiful bases only to hit new highs.
Broadcom (AVGO) hit our upside target, $3.4 trillion juggernaut Nvidia (NVDA) is knocking on the door of new highs, and even Microsoft (MSFT) and Netflix (NFLX) are closing in on key resistance levels, with every chance they’ll punch through.
This is dragging the entire market along in a kind of “everything rally” that, if you’ve been following along with me since April, should come as no surprise.
Meanwhile, in other corners of the market, we’re seeing cracks in the US dollar that could have massive implications for equities, bonds, and even crypto. (More on that, especially Ethereum, in a second – we could be looking at speculative mania here.)
I think we’re staring down the barrel of a bond reversal, too, and any sign of weakness in Friday’s job report could seal the deal there.
We’ve got a lot more to talk about in tonight’s video, including a potential blow-off top in metals.
It’s all right here…
