Caution: Did you know the S&P 500 made a higher high today....

Caution: Did you know the S&P 500 made a higher high today.

However, market breadth continues to weaken.

S&P Bullish % age, and stocks above 50 and 20 day Moving Average.

https://x.com/Optiongirl/status/1800655323834847539

This is incredible:

We have now had over 320 trading days since the S&P 500 has had a 2% down day.

This is the longest streak since 2016-2018 when the index recorded 351 days without a 2%+ drop.

Furthermore, the S&P 500 has posted 26 new all-time highs this year so far.

The index is up ~12% year-to-date and nearly 30% since October 2023 low.

The S&P 500 has added over $10 TRILLION in market cap over just 8 months.

Is this the most resilient market in history?

https://x.com/KobeissiLetter/status/1800604641450705355

...I view the above as more bad news for equities than good, because Where We're AT is already close to the peak based on past precedents.