Equities enter a new grind-higher uptrend
The guest argued that global equity markets have entered a new uptrend and could rally another 7% or more in a slow, painful "melt-up" grind.
The argument
Despite underlying macro concerns like geopolitical instability and energy spikes, the guest emphasized that money flows and positive sentiment are firmly back in equities, making it dangerous to fight the upward trend.
The thesis, stress-tested
✓ What validates it
- ✓S&P 500 and Nasdaq rising an additional 7% from current levels
- ✓Buyers immediately stepping in to support minor intraday pullbacks
▸ Risks discussed
- ▸High-volume selling in the equities markets
- ▸A breakout in the US Dollar index signaling global fear
Hear it yourself
"I mean, we've seen some data centers not get funding and all of these things, but it seems to just been be muscling its way up, and people are investing back into the big AI tech companies. We had a host of all kinds of earnings. Earnings have been pretty good across the board. And, you know, it really is dragging these indices higher when we see the Nasdaq, you know, hitting all time highs this week again. We saw a little bout of selling with the with all the good earnings this, today as you and I are recording this, which is the the April 30."
02:15
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