'Sunshine daydream'/Sentiment/You see this AI survey?/Yen teasing 160 again

I experienced first hand over the weekend the still vibrant demand for live entertainment by seeing Dead & Co at the Sphere in Las Vegas. Tickets were expensive, with face value up to $400 per ticket including fees and the secondary market seeing prices up to almost $2,000. I went two nights and only saw a few empty seats. The prioritization of spend still is including live concerts.

Travel too and I saw a great stat in the weekend WSJ talking about how well tourism is doing in the European region. “Europe, especially southern Europe, has benefited more than many other regions. Though it is home to just 5% of the world’s population, the European Union received around one-third of all international tourist dollars - more than half a trillion dollars - last year. This is up roughly threefold over two decades, and compares with about $150 billion for the US.” https://www.wsj.com/world/europe/europe-tourism-economy-american-tourists-f6112f78

I forgot to give you a sentiment check last week but will today as it includes the updated Citi Panic/Euphoria index which remains in Euphoric territory. Investors Intelligence saw Bulls rise to 61.2 from 60.3 and the highest since March when it touched 62.5. Bears rose a touch, by .3 pts to 17.9 and the spread between the two remains well above the extreme read of 40. The AAII read had Bulls at 44.4, down .2 pts w/o/w, remaining near the 2nd highest print since early April. Bears fell by 3.2 pts to just 22.5 and that is the least since late March. What is most interesting, outside of the extreme bullishness seen above, is the ‘Fear’ that is still showing up in the CNN Fear/Greed index which closed Friday at 41. I’m guessing this is because the only thing working right now in markets are just the few mega large stocks we’re all aware of and not much else.

Speaking of those stocks, like the obvious Nvidia, did you see the survey last week from Lucidworks?