NASDAQ remains king...
...despite people trying to push the long reflation narrative over the past half year.
NASDAQ vs Russell ratio is now back to early January levels. The pillar of this market remains tech, irrespective of what people say.
The bigger problem for the crowd is the p/l pain from the crowded long reflation logic, and the fact most still "hate" tech.
NASDAQ vs Russell ratio is now back to early January levels. The pillar of this market remains tech, irrespective of what people say.
The bigger problem for the crowd is the p/l pain from the crowded long reflation logic, and the fact most still "hate" tech.