The Nasdaq 100 is on track for its best-ever H1 in its 52-year history. Most of the people I've mentioned this to this week have responded with replies like: "That's crazy/incredible/unbelievable!" "It doesn't make any sense!" "It's going to be a good short soon" When a lot of people agree that a market move "doesn't make any sense" it sends an important signal. It tells you that they're not positioned for what's happening. Microsoft and Apple, together with the next five ranked companies, made up over 50% of the total weight of the index in April. These companies are: Alphabet (Google), Amazon, NVIDIA, Meta, and Tesla, with Alphabet’s class A and class C shares occupying two spots. $Alphabet(GOOGL)$