AIO - Equity CEFs: The Rotation Back To Tech And Other Random Notes

• Technology is back, though in this either/or market, that means everything else is struggling to go up much.
• That still means close to all-time highs in the case of DIA, and actual all-time highs for SPY, but technology had the most room to catch up.
• So with the QQQ's nearing all-time highs too, i.e. less than a percent away, what happens next?
• Well, with buying sentiment in the giddy stage and even bonds doing well despite a hot CPI yesterday, everybody is expecting more new all-time highs.
• But when bears are nowhere to be seen, that's when you should start getting nervous especially with the Federal Reserve meetings on Tuesday and Wednesday of next week.

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