I don’t know if you heard, but the FIFA Club World Cup is playing out across the U.S. this month.
The best teams from every country are here—Real Madrid, Manchester City, PSG, Flamengo, Al Ahly, Boca Juniors, and River Plate.
For those who like soccer, it’s a great time to enjoy.
Yesterday, Inter Miami made history—becoming the first club from the US to defeat a European team in an official FIFA tournament.
And of course, Messi delivered. He scored a ridiculous goal to win the match and reminded everyone why he’s in a league of his own.
These players are different. Like Jordan in basketball, Tiger in golf, or Brady in football—when they show up and carry the team, everything changes. The odds tilt in your favor.
Same thing happens in markets.
We think of semiconductors as the Messi's of this game. These are arguably the most important companies on the planet. They power the global economy and carry major weight in the indexes.
How they perform often sets the tone for the rest of the market.
Semis just failed to complete a nasty top relative to the S&P 500.
Bulls are now scoring points and pushing higher, invalidating any negative implications from a potential breakdown.
When we look at this chart, it’s impossible to bet against U.S. equities.
If semis are in good shape, then the rest of the market, and risk assets overall, have a much better chance of doing well.
We just released our latest Junior Hall of Famers report.
It highlights the next 150 largest companies in the U.S., helping us spot emerging trends before they make headlines. (Stocks #151-300 in Market-cap).
Maybe someday, these will be the most valuable companies out there.
Take a look:
Take a look at the types of stocks that are showing up in this scan.
They're not the largest 150 stocks. They're the next set of companies, where the market caps fall around that $30B - $70B size.
If you've been paying attention, huge winners have been coming out of here regularly.
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