NASDAQ  daily

After looking to be crashing away a week ago. Tech has suddenly gathered enormous momentum. Really reaching for the stars, and may have had some lift from all the billionaires momentarily leaving the planet.

Mega-tech stocks continue to be a real beacon of attraction to investors. At the same time, there is some hesitation appearing in stocks like Tesla and even Apple. This is a difficult market reading moment. The only clear trend, is that detachment of mega-tech from the majority of the market.

It may well be the Nasdaq is giving investors a false sense of security, that may not last.

We were the first to warn of the twin tsunami threat of sustained inflation and delta  They are being twisted into positives on a sentiment and short term basis, but if those sentiment biases were to begin to unravel, then all markets would be suddenly in trouble.

We have Tech separation

Jul 23 2021