Tech bubble blows higher

Tuesday, 23 May 2023

Some charts from The Market Ear cover the phenomenon nicely.

Nobody talks about this one

Majority of pundits are only talking about the big SPX spec short, but there are many offsetting positions, one of them the NASDAQ long…currently at rather long levels.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.