Some facts about S&P 500 YTD returns:

242 stocks in the index have a positive YTD return
193 have a YTD return of at least +5%
158 have a YTD return of at least +10%
91 have a YTD return of at least +20%
53 have a YTD return of at least +30%
20 have a YTD return of at least +50%

Cash is (no longer) trash.

Is anyone else looking at this bullish RSI divergence for $ARKK?

So the S&P 500 was down -0.01% today, with net new highs on a 20-day, 50-day, and 52-week basis, and #Bitcoin is at $28,500 and people are super bearish right now?

I'm not happy with $UNP earnings. I'm cutting the position from the portfolio for a net gain of +6% since I started buying the stock in March 2023.

The 4-week moving average of initial unemployment claims reaches 205.7k, the lowest levels since early February 2023.

This is why I kept warning about the 'shoot from the hip' commentary & FUD about initial claims.

Every major increase in the unemployment rate is accompanied by an increase in initial claims, but not every initial claims increase will result in higher unemployment rates.

If you're a technician, you want to see the S&P 500 $SPX rebound here on the August 2022 highs.

Energy $XLE back at overhead resistance, but has continued to make higher lows for the past 16+ months.

How I'm thinking about the market right now:

The S&P 500 was up +20% in the first 7 months of 2023 (equal-weight S&P 500 $RSP was up +10%) and the market reached a state of extreme greed, according to the Fear & Greed Index. All of the U.S. indexes were outpacing their average…

The 10Y Treasury yield has increased by +27% YTD.

Given this context, equities & #Bitcoin have been resilient!

Dow Jones $DJX +1.6%
S&P 500 $SPX +12.4%
Nasdaq-100 $NDX +36.3%
Bitcoin $BTC +72.2%

Amazing to see tech/duration outperform.

I'm impressed. You should be too.

Yes, the Magnificent 7 are dominating.

You know who else dominates?

LeBron James. Steph Curry. Kevin Durant. Luka Doncic. Jokic. Antetokounmpo.

MVP's are supposed to act like MVP's. They put up numbers.

Pro tip: draft them onto your team/portfolio.