Is the Stock Market’s Unstoppable Rally a Genius Play or a Ticking Time Bomb?
The S&P 500 pulled back from Tuesday’s record, as we can see on the daily chart.
Nasdaq 100 – New records expected
The Nasdaq 100 closed 0.16% higher on Wednesday and is expected to open 1.3% higher this morning, reaching a new all-time high. Investors have recently been heavily favoring AI-related stocks, and the rally increasingly resembles a frenzy, with prices drifting further from fundamentals. Yesterday’s earnings from Meta and Microsoft are likely to add fuel to this euphoria.
While there are no strong bearish signals yet, the recent price action may be forming a potential topping pattern.
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