This is a Time of Transition…

Time of transition, consumer is slowing down a bit, interest rates heading down in late summer. Tech stocks will have to deal with slowing economy, Russell stocks will benefit from lower rates.

Now that we have the Fed and employment numbers behind us, we can look at what in all probability will be the two most important weeks of the year, coming up.

Here is an update for our AI Buildout stocks Index. The index is 102.62 at the moment, was high at 106.56 on April 4, recent low of 95.7 on Feb 14 and today bounced up to 103.45.

Traditional chart reading would point to an objective of 84-85 in mid-May. Index was set to 100.0 on the day the S&P market topped out on March 8. Stocks in this Index are (NVDA, MSFT, GOOG, AMZN, IBM, TM, TT, CAT, BLD).