🔎 Looking For Stocks to Buy

Yesterday we highlighted how the world is breaking out, even the most diversified fund on the planet, holding nearly 10,000 companies, just hit all-time highs.

Back in the U.S., the Nasdaq 100 ($QQQ) is flirting with fresh record highs of its own.

In environments like this, we want to be thinking about what to buy, not what to sell.

And this isn’t just a story about mega-cap tech dragging the index higher. With Apple ($AAPL) down 20% year-to-date, it’s clear the real strength,  and opportunity, may lie with smaller names inside the Nasdaq.

The chart below makes that obvious, plotting YTD returns against index weight for every Nasdaq 100 component.

Market breadth is wide right now - and that's precisely an environment to lean heavily in favor of looking for stocks to buy, not sell.