Party Like Its 1999 🌤️ The Morning Print

Good morning! 

Legacy Tech companies are back, and pushing decisively beyond their dot-com era peaks.

Let's take a look.

Cisco and Intel both were pillars of the late-1990s tech boom, only to suffer brutal drawdowns north of 80% after the 2000 unwind.

Now, they’re back with force.

Cisco led the charge by reclaiming its all-time highs first. 

Intel is following in today's pre-market session, as the stock is up over 25% in what potentially could be a major breakaway gap.

These bases have been forming for more than two decades, and that kind of prolonged accumulation often precedes meaningful upside resolution.

In other words, the bigger the base, the higher in space.

Both of these companies were long dismissed as leftovers from a speculative boom, and today, they're acting like leaders again.