joins Market Domination Overtime to discuss major market trends forming around the tech-heavy S&P 500 and the Federal Reserve's interest rate narrative.
So here's the S and P 500 going back to the beginning of the year, actually going back several years and you've drawn, talk to us, talk us through what you're seeing from a technical standpoint.So the broader market has not been doing as well as the S AND P. But yet we're up 14.5% year to date. And uh you know, typically during election years, they do tend to rise through about August September before peaking and then selling off into the election.First part of July tends to be very, very bullish.So I think it's worth considering that may P ce might dip, that would cause a plunge in rates in the dollar and actually stocks would rebound and we'd see more of a broad based rally which we haven't seen in some time and investors are anxiously looking for.
Anytime you see a huge run up that then turns into a triangle nine times out of 10, you do get a continuation move, meaning we break to the upside. But yeah, to make no mistake since March look, it's been a tougher market if you don't own tech, the market's literally been sideways, very different, different than, you know, last October through March.I think that happens in the next few weeks.
I think it goes from 118 where it is now up to likely near 140 into the middle part of July, which would be a big move in a short period of time.
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