First off - thanks to everyone for making the latest Stock Show episode the most viewed yet. All of your likes, shares, etc go a long way.
Of course naturally following that we took a week off. And boy there’s a lot of catching up to do.
All of a sudden it's a Mag 7 World
- Google announced a Quantum Computing Chip. We discuss why AI and quantum is the perfect fraud
- It's 35 days until Elon is crowned King of America
- Amazon is coming for Nvidia = Nvidia lagging?
- Even Apple is making moves
Plus we talk: weak market breadth, Fartcoin and Hawk Tuah girl, the UNH murder and of course the New Jersey UFOs
If you like the show do us a favor and like, subscribe, tell a friend, all of the good things. You can find the show on
Show Notes
MAG7 with a huge volume on the rip into the extension area. Top or pause?
Huge area in the 10 year US Treasury Yield into the Fed Meeting. Are we front running? Or just preparing to blast off?
Advance-Decline Breadth is lagging pretty hard, the market is mostly just MAG7 at this point
S&P Equal Weight drops every day into the 50 day moving average
Only 47% of S&P 500 stocks are above the 50 day moving average with the index right at a high
In fact breadth has been so bad it is good?
A weak tape? So we want to own gold? - not so fast my friend. It appears we still prefer stocks over gold for now.
China’s pop faded quick. But still, China large caps FXI hangs in fine. Maybe it bases out and turns higher closer to January. Maybe it falls apart. Time will tell.
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