Tim Knight sees a pattern worth worrying about. Tech is printing lifetime highs; the XLK and the QQQ are both at records, but anything with Dow in the name the industrials, utilities, and transports is breaking down severely. His analogy: this is early 2000. Back in January 2000, tech was king while the Dow quietly started to cough up blood, and that split was the early warning that something was rotten under the surface before the dot-com top.
Video Length: 00:25:53
Video Chapters
00:00 Into Q4 and a data desert
00:40 A green day that faded
01:20 The market's gone nowhere since August
02:20 A great bond report, bonds still fell
03:30 Corporate yields keep climbing
04:30 The Diamonds lag badly
05:10 Just like early 2000
06:20 Tech at lifetime highs
07:00 The failed breakout level to watch
08:30 Foreign markets and the short
09:40 Precious, Bitcoin and oil
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