Awesome Stocks

[bigworld]

I opened some short positions today about an hour after the open. I will scale in deeper on the short side as time goes on. The Indexes are riding the coat tails of 7-10 stocks. If not for those stocks the S&P and Nasdaq would be negative on the year. This present time reminds me so much of the lead up to the dot.com bubble bursting. Everything attached to "AI" is catching a FOMO bid, especially NVDA. Meanwhile the signs of a market top continue to grow. Global debt hitting 335% of global GDP. GDI (gross domestic income) has dropped for 2 quarters in a row. The Dallas Fed reports that this is the 13th month in a row of manufacturing contraction. Their general business index is down to 29.1, the lowest reading in 3 years. And McCarthy's surrender on the debt limit deal may be heading off the rails as the Swamp might actually see some opposition from the few Republicans that still have a functional backbone. The deal McCarthy cut is a joke and not a single Republican should vote for it. And if McCarthy continues to try to jam it through they should replace him. (I never wanted him in the first place. He's a slimy swamp creature if there ever was one.)