The NASDAQ 100 looks pretty good over the past five years, especially now it has breached 20,000.
The most important thing for me is how the recent global market sell off from July through to September has been consigned to history.
It seems like ages since the market was still discussing if the Fed will cut, and by how much.
Now that the Fed has actually cut and is willing to accommodate more cuts through 2024, I can get back to the normalisation of earnings reports and economic data.
Speaking of which, next week we have Goldman Sachs, Morgan Stanley, and Citigroup reporting among other financial stocks.
Then there’s the small matter of tech earnings including Taiwan Semiconductor Manufacturing and Netflix.
As always if the news turns out to be broadly positive, then the tech trade will continue to reject the lows and maintain upward prices.