Sell QQQ by Aug 18, 2036.

Right now it feels like everyone is buying the same things: tech stocks, semiconductors, “AI stocks,” Nasdaq 100, QQQ. And at the same time, the Nasdaq 100 is trading around 30x earnings, while the S&P 500 CAPE ratio is getting close to 40. Both are historically expensive. You basically have to go back to the peak of the dot-com bubble to find clearly more extreme valuations. That doesn’t mean tech stocks have to crash tomorrow. They could keep going up …