Episode 48: Why The Tech Rally Has Room To Run. With Jeff Hirsch

The tech rally isn't a bubble—it's the next phase of a generational boom rooted in AI, quantum computing, and DeFi, according to Jeff Hirsch of the Stock Traders Almanac. Despite geopolitical tensions, rising oil prices, and widespread market anxiety, the S&P 500 and Nasdaq continue to hit new highs, driven by real earnings, revenue growth, and structural shifts in how value is created. Hirsch argues that traditional valuation metrics like the CAPE PE are outdated in the age of AI-driven productivity, and that the market’s resilience reflects a deeper, data-backed technological supercycle. He introduces the 'Trump seasonal pattern'—a recurring Q1 market shakeup followed by sustained rallies—suggesting it may be overriding traditional seasonal trends like 'sell in May.' The episode challenges listeners to stop fighting the tape and instead use a five-discipline framework: seasonality, fundamentals, technicals, monetary policy, and sentiment. The key takeaway? When momentum is strong, take partial profits, reposition strategically, and trust the data—not fear.