Subject: Re: SmallCap Trend Change
The antelope herd (or barking dog pack) just heard "shh but .25% interest rate drop coming". Direction change.


There does seem to be some "millennial" thinking at the large cap end of things, as well.

I just saw this article title in the Financial Times, normally a very sober publication that doesn't overemphasize the noisy outliers.
"Nvidia could reach $50tn market cap in a decade, says top tech investor
One of the most successful tech investors said chipmaker Nvidia could be worth almost $50tn in a decade — more than the combined current market value of the entire S&P 500.
James Anderson, best known for his early bets on the likes of Tesla and Amazon, said: “The potential scale of Nvidia in the most optimistic outcome is both way higher than I’ve ever seen before..."

That's quite the forecast! For a sense of scale, the total global market cap is only about $109 trillion.
Global retail sales total only about $30 trillion.

Jim