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The rubber’s not hitting the road right now. Stocks are still hanging around their all-time highs, while the Nasdaq has yet to register a new one in a couple of weeks. For a while now, I’ve been looking for a new high there to confirm the way’s clear for the bulls to run.
In other words, a new all-time Nasdaq high is the final box we need to tick for the bulls to go all-in on the market. Otherwise, the Magnificent Seven are seeing solid inflows
Elsewhere conditions are favorable for a move higher; the energy is still deflationary, as are bonds, while the dollar tries to regain its footing.
Crypto is looking strong, too, as Bitcoin tries to hit that $100,000 mark.
Here’s what you need to know…
