‘Systemically Important Tech’ Caps Blockbuster Quarter

Earlier this week, I penned an obligatory nod to the new "bull market" in big-cap US tech. The scare quotes are there to denote that not everyone is buying the notion that the Nasdaq 100's best quarter in over a decade counts as a genuine bull market, even if some people surely are buying the Nasdaq 100 itself, and more specifically NVIDIA, Meta and a who's who of "darlings" which fell out of favor last year during the Fed's somewhat quixotic efforts to beat back inflation. As the curtain clos