How much $100 invested into each of these assets in 1970 would have grown to by 2023: I think we have a clear winner.

S&P 500 up 7 days in a row and up more than 7%. Happened only eight other times, but very strong future returns. Up more than 10% on average three months later would sure be something.

% Below All-Time High S&P 500 $SPY: -2% Palo Alto Networks $PANW: -26% CrowdStrike $CRWD: -30% Microsoft $MSFT: -33% Palantir $PLTR: -38% Applovin $APP: -49% Salesforce $CRM: -53% Intuit $INTU: -55% Oracle $ORCL: -60% ServiceNow $NOW: -63% Adobe $ADBE: -67%

S&P 500 YTD total return: +0.0% After all that ... it’s like nothing ever happened.

Investing: Theory vs reality Image by Dividendology

Here are the top performing Vanguard Sector ETFs over the last 10 years: 🥇 $VGT Information Technology ETF +21.44%🟢 🥈 $VIS Industrials ETF +13.19%🟢 🥉 $VCR Consumer Discretionary ETF +12.51%🟢 4. $VFH Financials ETF +12.35%🟢 5. $VDE Energy ETF +11.03%🟢 6. $VAW Materials

More good news for the bulls. S&P 500 up >3% back to back weeks is historically quite bullish. Above average returns across the board and higher a year later 86.7% of the time.

Goldman Prime Book shows hedge funds are more bearish now than at the Liberation Day lows. The potential for a serious unwind higher is real. Daily Chartbook with another gem.

$0 -> $100k, painfully slow $900k -> $1MM, shockingly fast. This is how compound works:

Nice charts from Mike Wilson at Morgan Stanley on earnings. P/E multiple down 18% (pretty rare) and EPS growth continues to trend higher. Quite the bullish combo. Thanks Daily Chartbook for sharing it in tonight's report.

The 38% decline in the $VIX over the last 2 weeks is the 7th biggest volatility crash in history.

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The current bull market is 3.5 years old and up 99.2%. As we've noted many times, once bull markets get past their third birthday they rarely end anytime soon. Over the past past 50 years, 5 made it past their 3rd birthday and those lasted eight years on average.

One of bigger worries investors have is investing at all-time highs for the S&P 500. Should you have a fear of heights? Probably not.

The S&P 500 has been up 12 of the past 13 Mays. The S&P 500 has been up 9 of the past 10 Junes. The S&P 500 has been up the past 11 Julys.

These next six months average only 2.1% for the S&P 500, which is the lowest out of all 6-month combos. But when April is up >5%, it jumps to an average of 6.6% and a median of 10%.

The Fed expanded the money supply by nearly $9 trillion under Powell. Inflation has averaged >4% per year over the past 6 years. Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control. The truth: this inflation was made in

Here are 3 S&P 500 Income ETFs you should know about $JEPI $SPYI $GPIX

Bitcoin relative to the S&P 500 is down near potential support. Very interesting one from Frank Cappelleri in his note this AM.

Here is a heat map showing how the ETF world did today