Joel Elconin - Inflation Data, and the Relentless Big Tech Rally, When Will The Market Top?
Joel Elconin, co-host of the PreMarket Prep Show and founder of the Stock Trader Network, joins the KE Report to discuss how markets shrugged off a hotter-than-expected Producer Price Index (PPI) print and why big tech continues to lead the charge.
We break down:
- Inflation surprise: PPI’s sharp jump and why the market still expects Fed rate cuts.
- Sector divergence: Big tech strength vs. small-cap struggles as rates rise.
- IPO and crypto surge: What the frothy IPO market and Bitcoin highs signal about investor sentiment.
- Defensive assets: Why gold remains rangebound despite macro uncertainty.
- Market psychology: Momentum dominance, risk-on sentiment, and whether anything can derail this rally.
Follow Joel: PreMarket Prep Show - Stock Trader Network
