Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of PreMarket Prep, joins us to discuss the continued march to new highs in the S&P 500, the mega-cap tech leadership, a deep dive into Tesla, and technical comments on Bitcoin and gold. Joel points out that in this market, the stories and narratives mean more than the valuations, and that capital flows will continue to pile into the tech leadership as a safe haven, and what could be dubbed a defensive bull market. The only fly in the ointment that he sees may be the jump in crude oil from the low $70s to the mid-$80s as a potential input that may increase inflation and impact many companies in the travel and leisure side of the markets.
.