The S&P is at yet another record high in a week that saw the second-biggest 1-day gain in market cap in history after Nvidia (NVDA) delighted investors with blowout revenue& earnings growth.
The bulls are stampeding hard now and FOMO-driven momentum chasers are back.
Stocks remain solidly in short-term overbought territory. Valuation metrics of many companies like price-to-earnings & price-to-sales are being stretched, taffy-like, to extremes rarely seen.
Are markets back to 'irrational exuberance'?
Or is this just a great time for investors to make gains?
Portfolio manager Lance Roberts shares how his firm is navigating the feeding frenzy, as well as what trades he's made over the past week.
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