Daily Charts - US Tech Stock Leadership
1.US Tech Stock Leadership...
US Tech stocks appear to have peaked vs the rest of the market and vs global tech stocks.
Is a big turning point upon us? $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$
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2.This really is an incredible chart...
But what stands out the most to you? $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
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3.Not to alarm you, but...
The S&P500 earnings yield vs cash rate indicator is doing something it last did during the past 2 major stockmarket peaks
(not a prediction, but one heck of an ominous observation I would say 🫣 )
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