The Tech Gets Upgraded Again

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We have important developments this week in equity markets. 

The September futures contracts for the equity indices are rolling over to December contracts. Friday marks the triple-witching options expiration.

Many analysts will point to these events as catalysts for increased market volatility. 

However, based on the technical signals I'm observing beneath the surface, the bulls are asserting themselves with even greater conviction. 

The Federal Reserve is also cutting rates this week, which provides additional tailwinds.

If you've been riding the bull wave with me since April, you'll find the latest sector performance updates particularly encouraging.

Back to Step One
 


Technology’s outperformance from the April lows prompted us to announce that a Great Tech Reset was underway. 

We're examining returns in the 50% range over a five-month span at the ETF level, which represents substantial gains.

Recently, the communications sector has powered stocks to new all-time highs as technology's sibling sector. 

Last week provided a clear reminder of which sector truly leads this market cycle. 

Technology itself exploded to new all-time highs, reinforcing the thesis that we remain in the early stages of a new bull market.

Any dips we encounter should be viewed as opportunities. 

I recommend buying them aggressively as we continue to see the right sectors leading and the right sectors lagging behind.


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