The 17-Month Bull Market, Bull Market Parties, Strength in Defense and India’s Upside

Welcome back to Trends with Friends!

On this week’s episode we review Bull Market Parties, the 17-Month Bull Market, Societal Dissatisfaction, Strength in Defense, India’s Upside and more.

Tune in on your favorite podcast platform or select a timestamp to skip ahead. Please leave us a Like or Comment if you enjoy the show. 

Apple | Spotify | Youtube

Chapters

Intro (0:00)
Bull Market Parties (0:47)
The 17-Month Bull Market (1:49)
Societal Dissatisfaction (8:31)
Widening Market Breadth (13:50)
Stocks & the US Dollar (14:42)
Today’s Inflationary Environment (16:56)
Strength in Defense (18:00)
Price is the Message (20:50)
CloudFlare’s Cheap Implied Volatility (22:11)
Can Biotech Bounce Back? (27:44)
Excess Unicorn Supply (30:55)
Stocks 2-Year Stagnation (36:20)
Crypto Broke the SEC (38:04)
Strength in Global Markets (39:27)
India’s Upside (41:59)
Size Doesn’t Matter, Shoutout Grass Clippings (46:19)
Phil’s Final Thoughts (47:31)
Enjoy What You Do, Do It Well (51:36)

Here are this week’s Featured Charts, 

Stocks and the US Dollar

Asset prices since the US Dollar peaked on October 3rd

A positive correlation between stocks and bonds

Strength in Defense — $AVAV, $SMH and $AXON

Financials find new 8-month highs

CloudFlare

Can Zoom zoom off its lows

Biotechs bounce off support

Multi-year lows in Healthcare position 

Excess Unicorn supply

SPYs sideways range

Solana

Coinbase ripped since the SECs lawsuit

Germany strength

India’s upside