Broke this down in more detail in this week's update from Hi Mount Research: himountresearch.substack.com/p/global-marke…

Question on every investor's mind is whether 14 years of US leadership is still intact or if 14 weeks of global strength is just the beginning. The latest update from Hi Mount Research: himountresearch.substack.com/p/global-marke…

The S&P 500 was up 3% in the month following the May spike in 20-day new highs. The news is as noisy as ever but it hasn't stopped stocks from doing what they often in the wake of a Breadth Thrust: move higher. Bulls need a breakout to keep it going. himountresearch.substack.com/p/us-bulls-nee…

Data from Ned Davis Research shows households with historically high exposure to stocks & historically low levels of cash.

Imagine taking a time machine back to 2001 and telling these guys that the Apprentice host will be the one to bomb Iran

This a great illustration of secular vs cyclical.

In the reading queue for this week: "The Serviceberry" by Robin Wall Kimmerer & "How Not to Invest" by Barry Ritholtz.

55% of global markets made new highs last week - the best level in over a decade.

Been a while, but pizza night tonight.

Investors are not putting their pessimism into action: Household equity exposure surged in June and remains above its long-term average while cash exposure remains low.

One thing I like about Daily Chartbook's daily email is they put the link to the post, so you can click through to get more detail. One from Monday's email was to the always interesting Willie Delwiche, CMT, CFA's post (link below). "Evidence of this increased appetite for risk can be

If you are having to add more room at the top of your charts, you are probably in a bull market.

Fact check: True

Fed's Collins: Achieving the Fed's mandates is about hitting (inflation/job growth) goals over a longer period of time. “Long term inflation expectations remain well anchored.” Really???

Yearly change in median CPI hasn't just stayed above its pre-COVID levels, it has remained higher than anything seen over the past 30+ years. And it is rising.

I guess you could say camping is in my blood. This is my grandfather, great-uncle, and great-grandmother camping at Niagara Falls in 1929.

Stocks are quiet: 17 consecutive days without a 1% on the S&P 500. Stocks are strong: 21 consecutive days of NH > NL. Both are the longest stretches so far this year. Bull markets build on quiet strength.