US tech enters final vertical melt-up
The guest argued that the Nasdaq is poised for a final, vertical melt-up of at least 15% to reach 33,000–34,000 before a major bubble burst.
The argument
He compared current market psychology and technical fractals to the 1997–2000 dot-com era, noting that liquidity indicators have not yet deteriorated enough to signal a market top. He expects capital to rotate from international markets into US mega-caps as investors chase the final phase of the bull market.
The thesis, stress-tested
✓ What validates it
- ✓Nasdaq index reaching the 33,000 to 34,000 range
- ✓Capital outflows from Asian indexes like the Hang Seng rotating into US equities
▸ Risks discussed
- ▸A sudden liquidity drain or credit event
- ▸A black swan event in the private credit market