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The Slow Train To Bonusville
As noted yesterday, absent some major meteorite or other it is unlikely that market bigs permit 2023 performance fees to go awry at this stage. So I expect a continued slow drift upwards into year end, and perhaps then some weakness in Q1 giving large account investors an opportunity to add to holdings at local lows.
Let's update on our usual charts covering the main US equity indices, associated leveraged ETFs, plus the SOXL TECL and FNGU ETFs as always.
Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.