Did the market bottom in October?
The % of stocks making new 6 months highs is spiking again on the back of an almighty collapse in the US Dollar (something I called 2 months ago).
If you pay too much attention to the major averages which have wayyyy too much tech exposure, you might be missing the elephants walking past in plain sight.
I’ve laid out some of those elephants below, as well as what needs to happen for a broad based rally in stocks.
Happy New Year to all.