Everyone loves a good story, including fantasies.
This is evident in the reflections we see since the low of 2009, particularly with the success of James Cameron's Avatar franchise. Ironically, Hollywood is not typically associated with Wall Street. In this movie is a good example. Because it critiques corporate greed and military occupation, drawing parallels between the human "RDA" and historical colonial powers.
That said, if a film is a smash hit at the box office and receives critical acclaim, there may be differing opinions out there. But the main point is that everyone loves a good story. As noted previously, AI and high technology have been crafting quite a narrative to the extent of a fantasy. AI was named "Man of the Year" with the concept of Artificial General Intelligence at the top of the energy chain.
As an avid user of AI, I can certainly attest to its power as a collaborative tool. It significantly enhances my ability to conduct in-depth, factual research, which saves me time. While the future looks bright, it appears that money is starting to flow out of high-tech stocks, particularly the NASDAQ 100, into more conservative, broader indices—a trend I refer to as the "Great Rotation." Yet historically, every significant rotation has preceded a bear market.
Here the featured chart illustrates the long-term cycle that favoured high-tech stocks over the broad composite starting in 2006-2007. After nearly 20 years of a underperformance, the broader market, The NASDAQ composite has signalled the beginning of its better performance relative to the NASDAQ 100.
However…