A lot of investors are asking how we keep going up so relentlessly? My answer is we are going up because of AI, and only for that reason. Without the money flooding into AI….I read this today from a very credible source… that without the money flowing to AI, the USA, would have zero GDP growth! So everything is in a recession, except for Nvidia, Google, Amazon etc. The only way to make money in a mania is to be invested in it. So if looking for a reason, as to why this market just marches ahead there you have it!
I am exiting my leveraged long ETFs from last week on Friday. Got out of calls already. Will keep a long bullish spread on. Gotta book some gains no matter what else.
I would be hyper vigilant of any scent of a negative news event for AI. Absent that, we march on.
Thanks,
Joe

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