Call me surprised.
I’m making a shopping list for the coming week and I found that after Thursday's brutal drop, the Nasdaq ($QQQ) has outperformed the S&P 500 ($SPY) by just 9 points over the last FIVE years. +66% vs +57%.
That's barely more than 1 point a year, for the part of the market that's supposedly in a bubble.
And you think we're in a bubble? 💀
Tech is trading at 17x forward earnings vs 18x for the S&P 500.
It's cheaper relative to the market than it's been for most of the last decade.
Call of Duty: Warzone is now out on Nintendo Switch 2, free to download from the eShop with an Activision account. Season 1 brings maps including Hajin and Zodiac, and you do not need to buy Modern Warfare 4 to play it.
Calley Means speaks out about why he left the Trump administration.
He says that a "very concentrated group of people" in the administration was working against what voters supported and making decisions for personal reasons, including to "enrich their families."