Welcome back from the long weekend, everyone. Now we get to enjoy a couple of months of holiday-free trading, enriched with the Q1 earnings season which begins in earnest a couple of weeks from now.

Over the past week, the prospect of tech stocks making a meaningful reverse seems to have been blown to smithereens. Things were moving apace quite nicely for many weeks, but the strength we’ve seen in the chart below seems to put us all right back on the road of infinitely higher prices in spite of huge tax increases, an eye-popping debt, and what surely must be an exhausted twelve-year old bull market. And yet…………