Week InReview: January 19, 2024

Tech record.

A rally in some of the world's largest technology companies powered the Nasdaq 100 to an all-time high. Megacaps outperformed as Apple climbed on an analyst upgrade and chipmakers jumped as Taiwan Semiconductor Manufacturing's outlook spurred hopes for a global tech recovery. The euphoria is spurring fund managers to go all-in. Hedge funds hold the highest level of net-long Nasdaq 100 futures in nearly seven years.

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