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The bubble expands

David Llewellyn-Smith
Tuesday 3 December 2024
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The Market Ear on the melt-up.

NASDAQ at huge levels

NASDAQ is flirting with huge levels. Close this another 1-2% higher, and we risk a Heinz ketchup moment. There is only vacuum to the upside…and NASDAQ is basically trading at the same levels we traded at during the summer highs.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.