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<p>Asset bubbles have historically unwound in stages, with the areas of greatest speculation falling first. &nbsp;Such was the case in the Tech Bubble during the late 90s, when the dot-com heavy NASDAQ Composite Index sank over -34% in five weeks after its March 2000 peak.</p>
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<p>We designed the InvesTech Canary Index to provide a similar early warning that conditions could be getting dicey – just as miners used a canary to warn of dangerous gases when descending into the coal mine in the early 1900s. &nbsp;Our Canary Index is comprised of approximately 20 of the hottest, most speculative, and overvalued stocks in the market, including “story stocks”, hot IPOs, SPACs, and other favorites of the speculative crowd. &nbsp;Despite their extreme valuations, most of these member stocks have never turned a profit and many likely never will. &nbsp;Keep a close eye on our Canary Index, for if it starts to look sickly, it could confirm that the speculative peak is in place.</p>
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