Tuesday, May 30, 2023

Charts of the Day: Yet Another Tech Bubble Breadth Illustration

I know, I keep pounding on the same topic, but still, I feel compelled to emphasize why -- on top of our general macro concerns -- broad diversification, and some outright hedging, feels smart right here:


Now, to repeat from this morning's note:
"Not (sincerely not) suggesting that things have to play out as they did in the early 2000s, just illustrating what a resoundingly unhealthy breadth setup looks like."




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