Far be it from me to be a momentum hopped trend follower, but the charts are the charts.
This article at MarketWatch that wants to be contrarian tells about how it’s not wise to buy what has been working and how it is wise to buy what has not.
As to the charts, it’s not just a recent thing, this out performance by Tech and Growth. Well, it is a recent thing…
But it is also a long-term thing. We have tracked this process for years in NFTRH and it does look like a blow off of some kind is in progress. But please Mr. MSM, don’t portray it like people are suddenly chasing the wrong stuff instead of the right stuff (all that debt-addled ‘value’ crap).
A secular phase is blowing off and if interest rates ever get rising again I would not bet on the debt-addled stuff either. I think that when growth leadership blows out it’s all gonna get creamed. So be careful what you wish for, dear “investors”.
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