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Analysis of Stock Charts, Tech Companies, and Interest Rates
The chapter delves into the alignment of dual x-axis lines on stock charts, comparisons between tech companies like Nvidia with historical examples, and the US dominance in technology supply. It explores the relationship between interest rates and stock valuations, highlighting the historical dynamic between the 10-year yield and forward PE since 1935. The discussion also covers market performance, the impact of higher rates on company earnings, and market targets for 2024 and 2025.