- Fed balance sheet exploding higher always has correlation to stock market. They aren't buying stocks yet, wait for the next crash. It is absurd that they are still printing so much, and buying corporate debt.

- FOMO. Big tech considered safe haven in what is otherwise still a bear market if you strip out FAAMG. Also, TINA due to Fed telegraphing zero rates for years.

Gotta hand it to the Ministry of Information too, the Bureau of Lies and Statistics. 4.8M jobs they said! According to them, there are now far more unemployed people on the states rolls collecting unemployment than the BLS says are unemployed! First time that's ever happened. They said 4.8M got jobs in a month when continuing claims only dropped 2.2M and millions more filed for unemployment for the first time. Also 4 months in a row of their faulty classifications to juice the numbers, should be 12.3% unemployment rate not 11.1%. That's all absurd. Easy to forget unemployment is still far higher than any time since 1929, even with those faulty numbers.

The market, especially big tech, is way ahead of itself imo. Nasdaq hasn't been this far above its 50ma since 2000. AAPL now has a P/E of nearly 29, how high can it go?