Most Stocks Are Down Today — NASDAQ SOARS

Small caps are lower by 0.8%. Breadth is an appalling 40%. Yet, the NASDAQ is +170. How is that? I will tell you how. The fucking weighted index is being fucked by a few tera caps. HOWEVER, it is indicative of where value is found today.

Understand something. The economy isn’t diverse. The winners have already been chosen. The rest of us are merely trying to grab some crumbs as they fall off the table. Small businesses have been absolutely poleaxed, so it makes sense when you see small caps down and the biggest of the biggest companies roaring higher.

CRM is +27%
NFLX +9% (I sold yesterday)
ADBE +8%
SHOP +6%

I can go on.

What is working now will continue to work, indefinitely. The economy has never been more bifurcated, so fall in line or get rolled over.