Last week we saw something rare: $SPX at all-time highs, equal-weight at all-time highs, small caps, mid caps, Europe — all hitting new peaks. Even emerging markets are knocking on the door.
And here's the kicker: valuations are actually coming down while profit margins are going up.
That's not hype. That's breadth. That's earnings doing the heavy lifting instead of multiple expansion.
When the rally is this broad and fundamentals are improving, it's worth paying attention. Not saying it lasts forever, but this is what healthy bull markets look like — not just a handful of mega-caps dragging everything higher.
Don't overthink it. Just don't get cute trying to time a top when the trend is this clear.
And here's the kicker: valuations are actually coming down while profit margins are going up.
That's not hype. That's breadth. That's earnings doing the heavy lifting instead of multiple expansion.
When the rally is this broad and fundamentals are improving, it's worth paying attention. Not saying it lasts forever, but this is what healthy bull markets look like — not just a handful of mega-caps dragging everything higher.
Don't overthink it. Just don't get cute trying to time a top when the trend is this clear.