Good Friday morning. Yesterday’s trading was as bullish as it gets. Futures were sharply lower overnight on US-Iran anxiety (defensive action) and then the inflation data came out. If you were watching Bloomberg (I was) it was all “oh wow….inflation is really becoming a problem”, and just like that, within 30 minutes Nasdaq futures had erased all losses and once again, it was game on to the upside. By the close, we had back-to-back ATH’s in all 4 major indexes. This market cannot be kept down. We continue to forecast that this melt-up move higher is likely to continue into the SpaceX IPO, the largest IPO in history and just the kind of event that has investors throwing even more money into the markets. That’s two weeks of explosive action to the upside. Going forward…over the next many years…we will have numerous runs just like this (that’s our call).

We also continue to witness textbook rotational bull market action, as the markets move from one sector to another, without investors...