The equal weighted Nasdaq looks ready to fly. 13 months of ...
The equal weighted Nasdaq looks ready to fly.
13 months of consolidation from April 2022 until now.
The recent AI catalyst, gave us that “reason” we needed to find a bid. An optimistic view over the future we had not seen since the bear market started.
Remember when we talked about the catalyst we needed which I thought the regional banks could be… it gave us the reason for the FED to start thinking about backing off.
•Regional banks gave us a reason to think about stopping the liquidity withdrawal.
•AI gave us a reason to be optimistic.
The final catalyst could be the debt ceiling being lifted this week which would equal more liquidity for the market.
It will be hard to keep the market and breadth down much longer should we have that combination.
Mid to long term we need the inflation to reflect what I see on live inflation indicators(low inflation) and a fed pivot via a QT end and/or rate cuts.
13 months of consolidation from April 2022 until now.
The recent AI catalyst, gave us that “reason” we needed to find a bid. An optimistic view over the future we had not seen since the bear market started.
Remember when we talked about the catalyst we needed which I thought the regional banks could be… it gave us the reason for the FED to start thinking about backing off.
•Regional banks gave us a reason to think about stopping the liquidity withdrawal.
•AI gave us a reason to be optimistic.
The final catalyst could be the debt ceiling being lifted this week which would equal more liquidity for the market.
It will be hard to keep the market and breadth down much longer should we have that combination.
Mid to long term we need the inflation to reflect what I see on live inflation indicators(low inflation) and a fed pivot via a QT end and/or rate cuts.
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