Today's number is... 0.0%

After a brief pullback in the larger trend, the bulls have regained control and pushed the S&P 500 higher. The S&P 500 now has a 0.0% drawdown, which means that it's at an all-time high. So, the bull market continues!

Here is a bar chart displaying all S&P 500 bull markets since 1950:

Today's number is... 17.5

Bank of America's US High Yield Option-Adjusted Spread is currently at its lowest level in 17.5 years.

Here’s the chart:

(right-click and open image in new tab to zoom in)

Today's number is... 50%

Market breadth had been weak... However, it has significantly improved over the last week, with 50% of S&P 500 stocks reaching a 20-day new high.

However, this recent surge in 20-day new highs wasn't quite enough to trigger my favorite breadth thrust regime.

Here’s the chart: