John Navin's Newsletter

John Navin's Newsletter

Bubble Territory, Price Charts Annotated/Analyzed; Paid Subscribers Only

Analysis and commentary

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John Navin
Sep 20, 2025
∙ Paid
soap bubbles floating in the air on a sunny day
Photo by Elisabeth Arnold on Unsplash

The S&P 500 and the Nasdaq 100 continue upward, propelled almost entirely by the select big cap tech and social media names — and little else.

Alphabet is one of the main suppliers to the bubbly feverishness. Here’s the daily price chart — and then take a look at the comparison just below it:

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