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Thinks peloton is not just a fad. Cap bullish sentiment coming up. Continue with dominance of tech in the u. S. Markets. Up 1. 7 percent, nasdaq of more than 1 . Is something bigger going on . Let 2019. 2019. Feels like yesterday after the signing of the trade deal, it was just the stocks that dropped. Typically a relief rally would come after a big selloff from the major averages. It feels a little bit more like perhaps the early stages of euphoria with the bubble paradigm. It and dislocation been into the economic phase than a euphoria and 10 eight. Does that match the fundamentals . Greater than 20 times forward pe, as you note last year earnings fell by double digits. They are expected to fall for the Fourth Quarter and the First Quarter of 2020. By the end of the year, analysts are looking for double digits growth up for tech and the chips. For the chips, the first half of the year is difficult. Speaking of getting ahead of ourselves, i want to show you a chart here. Another day a

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