The record breaking 13-day Nasdaq 100 winning streak answers the question of the market being confident or complacent. As we reported for weeks leading up to the rally, market signals (price action, sector rotation, and inter-market relationships) indicated a bottom was forming, even as headlines remained bearish and uncertainty around war and inflation persisted. The “headfake” reversal near the 200-day moving average, which marked the bottom and signaled that the path of least resistance was
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