May. 27 at 1:17 AM
Hey Ho, the rally goes. New breakouts, this time in the Russell 2000 (
$IWM), just keep feeding into demand. The Semiconductor Index (
$OX) looks set to double in value in just a few months. Who can stop this advance? Equal weighted averages (
$SPXEW and
$QQEW) are getting into the game now. Nasdaq breadth metrics suggest we may even be some 2 years away from a major top, but at what cost in the long term? AI has its uses, but it's far from the finished product and is not Production ready, but more importantly, has significant cost and resource inefficiencies that could prove disasterous. https://www.markets.fallondpicks.com/2026/05/russell-2000-breakout-and-ai-concerns.html