Klimtology
Footballguy
Good Info.I should also add the market is highly concentrated this year in this rally.God no.Is NVDA a meme stonk now?
Hot stock? Yeah. But they are proving it on the top and bottom lines and future guidance and where we are in the "AI" cycle.
There is a bubble forming....no doubt. But NVDA are the ones selling all the pick axes in the gold rush if you get my drift.
What does a bubble forming mean exactly?
TIA
Very few stocks are carrying all the weight of the returns. There are a lot of sectors lagging and plenty of great companies under performing. I have stated several times in the last 6 months that this has not been a broad based rally. And it still is not.
I expect a decent pull back here between now and the summer. So don't get spooked with a 7-10% pullback. By year end we will march upward again and that catalyst will be a soft landing in the economy and the first rate cut coming sometime in 4th quarter (which is what we talked about last year).
The new cyclical bull market in my opinion starts year end and into 2025.
Thanks Todem!