When I started this note, I had one goal. Share one piece of market truth each day. No noise. No drama. Just data. Something useful traders could read in under two minutes and walk away sharper.
The MSCI All Country World Index has stayed above its 50-day moving average for 122 trading days. That’s the longest run of global strength in 15 years.
Despite a spike in volatility, two key corners of the equity market are moving together in strength. Small Caps are hitting fresh all-time highs, and Micro Caps are close behind.
The S&P 500 has gone 31 consecutive trading days without moving more than 1% in either direction. That’s the longest stretch of calm since January 2020.