Daily Charts - Tech Stocks are a lot of things, but they are definitely not cheap

Callum_Thomas
05-03

1.Tech Stocks are a lot of things, but they are definitely *not* cheap...

Still a long way to go, and still beholden to the market cycle (even if it doesn't feel like it) $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$

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2.I sometimes like to ponder as a thought experiment: what if the entire stockmarket was owned by passive investors... what would it mean, how would things work in that world?

(and then how close to that world do you even need to go to see that?)

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3.Gold at extreme expensive levels...

While there are strong monetary tailwinds and an entrenched bull trend, this alongside overbought technicals, consensus bullishness, and extended flows/positioning make for an uncertain outlook. $Gold - main 2506(GCmain)$

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