Is Nvidia Surge A ‘Blow-Off Top?’ If So, What’s Next?

Are we witnessing a "blow-off top" in equities? To answer that, we have to define the term. You won't find it in any dictionary. Like "melt-up," it's a colloquialism. There's no set, formal definition. But there are traits, signposts and so on. If you ask Nomura's Charlie McElligott, the post-Nvidia earnings trade (on February 22) might've evinced some key attributes. He pointed specifically to the combination of a big rally and simultaneous skew-flattening. Recall that there was scant evidenc