Have you noticed how stocks are at all-time highs while there's a never-ending laundry list of reasons to think why we're about to crash?
There's a reason why the saying, "A bull market climbs a wall of worry," exists.
I'm one of those traders that think the market knows best. And so when it talks, I like to listen (especially when it comes to this sector)... Here's what caught my attention.
The Signal is Very Clear
The message from the market is remarkably clear right now. Communications (XLC) are absolutely dominating this tape across the board. This is not something to be taken lightly.
Communications (XLC) have a lot of overlap with the tech sector, and by extension, the whole artificial intelligence theme.
Remember a couple of weeks back when various pundits were calling for the end of the "AI bubble?" I do.
We were happy to take the other side of that, and now, it looks like the folks that have missed out on this significant opportunity will have missed yet another opportunity to get on board.
As they say… the longer you wait to correct course, the more it costs to catch up.
Talk soon,
-Gianni