00:00 Speaker A
Since it’s the end of the month, the last trading day, I thought I’d show you what’s going on over these last 21 trading days. Russell 2000 up 12%, S&P 500 up 10% and the Nasdaq, guess what, up 15%. This is the best month for the Nasdaq and the S&P 500 since 2020. We’re talking about that pandemic rebound. So this is just very impressive price action here.
00:23 Speaker A
I’m going to show you uh the VIx here. This is over the whole month. You can see we’re closing uh pretty close to the lows of the month. 17 is a pretty good number. I will take that. It’s under 20. Picture is worth a thousand words and I got one word for you. That is tech because you take a look at our large cap sector action, XLK in the upper left, that is up 20%.
00:45 Speaker A
That is the only one that’s doing better than the S&P 500, which is up half of that, which is still very impressive. And you’re going to see energy here taking a backseat. So energy stocks kind of, you know, with the situation deescalating, I think it’s safe to say, uh energy stocks kind of came down, but tech just really took the ball and ran.
01:03 Speaker A
So, this is over the entire month. I’m going to change this to our chips view, and I got some stats here to rattle off that are very impressive. Intel just had its best month ever, up over 110%. AMD, best month since January 2001. Tech, meanwhile, I was mentioning XLK best month since 2002. Marvell since 2001, Micron since 2000, Texas Instruments. We just had an echo of the dot-com bubble. Um, I’m not saying it’s going to pop or end the same way, but, you know, the stats are very impressive and that’s what we’re coming.
01:29 Speaker B
You mentioned tech, what about Mag 7 and some of the divergence we see there today?
01:34 Speaker A
Yeah, let’s take a look at the Mag 7 as well because that’s really interesting too. Um, if I take it back to the Nasdaq 100 here, we can see Nvidia up 15% in the upper left, Alphabet up 33%. I got some real quick stats here. Alphabet up 30 plus, best month since October 2004. That was shortly after its IPO. Amazon best since 2022. Uh, some others, you know, not doing quite as well, but the Mag 7, you know, it’s been a bifurcated trade for a while.
01:56 Speaker A
Here’s Tesla only up 3.4%. But these guys are pulling their weight again. For a long time, for like six months, they were just kind of underperforming. Now they are clicking again and that is making all the difference.
