Craig Johnson from Piper gives his technical analysis on Bitcoin, stating that the charts show a bullish sign with a potential for the price to reach $130,000. He also discusses the subdued reaction to NVIDIA’s earnings report and the potential downside for Target’s stock. Johnson emphasizes the importance of sentiment in the market and points out that small and midcap stocks have historically outperformed the S&P 500 post-election. He mentions that investor enthusiasm is currently focused on skyrocketing stocks, but notes that not all of the top-performing stocks in the bull market have been part of the popular MAG Seven. Only two of the MAG Seven, NVIDIA and Meta, have been in the top 50 performing stocks, with other stocks such as Palantir Industries performing even better. Johnson concludes by stating that the market will continue to push higher, with a focus on small and midcap stocks in the coming years.
