The tech rebound and market rally

Market Trends & Analysis - NASDAQ shows strong performance, up 23% [1] - Market experienced risk aversion, Bitcoin had a rough week [1] - Goldman Sachs maintains a bullish view, considering it a bull market with an intact primary uptrend [2] - Liquidity is expected to improve, and the economy is projected to accelerate [2] - Momentum statistically is number one up 21% on the year [4] Mag 7 Performance & Rotation - Rotation within the Mag 7 has been sufficient to propel the index higher [3] - Overweighting momentum, growth, quality, value, or shareholder yield factors led to a successful year [4] - Despite individual struggles within the Mag 7, staying invested has been beneficial due to rotation [5][6] - Nvidia and Alphabet are the only Mag 7 names outperforming the S&P year-to-date [14] - The market is becoming more judicious about valuations in tech, favoring companies with reasonable valuations [15] Economic Outlook - The economy is expected to strengthen in some parts, although consumer weakening is still a possibility [8] - Continued large spending is driving the economy [9] - A shakeout of latecomers to the AI and tech trades is considered healthy for more reasonable growth [9] AI & Tech Sector - The AI trade is far from dead, but significant overvaluations exist, primarily in the private market [10] - Alphabet has been a standout performer, with its stock up 11% since Gemini 3 launched [11] - Alphabet's market cap surpassed Microsoft's for the first time in 7 years [11] - The market is focusing on the ROI of AI, with Alphabet demonstrating potential for quick returns [12]