Nasdaq All-Time Highs, S&P Close, Blast Off or Breakdown?

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What an incredible melt-up since April 7 lows in the US markets.

Trump vs Musk - ignored
Iran vs Israel - ignored
High Valuations - ignored
FED Pausing - ignored

The US economy is resilient and it's a good thing because the world is performing really well (EX-US). Europe/China/India/Emerging Markets are outperforming the US by 15-16% YTD

The USD is having one its worst years ever in 2025

Gold, Silver, Bitcoin are great diversifiers in my opinion for 2025

Oil prices are incredibly volatile and energy stocks and commodities in turn are showing
volatility and big swings

As we near end of month and end of Q2, I have to believe the market is due for a small pause or pullback sooner rather than later - but we'll see

Thanks for watching!!!

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