Daily Charts - Rate Cuts are coming in thick and fast
1.Rate Cuts are coming in thick and fast, and that's historically been quite a good thing for Global Equities (albeit mileage may vary; recessions and crises can complicate things!)
2.ALSO, add Costco $Costco(COST)$ selling-out of 1 ounce Gold Bars (individuals seem eager to get their hands on physical gold)
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3.Developed (ex-US) peaked vs US stocks in the 80's and it's been almost a one-way road ever since...
Will that trend ever end? $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $.IXIC(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $.DJI(.DJI)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$
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4.Go big or go bigger!
New Paradigm likers will enjoy this chart.
The bear case is obviously that tech is too big and too concentrated and represents excessive valuations and giddy sentiment...
The bull case?
Maybe as simple as:
"tech is the new transports"
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