Look at this chart. While people are telling you that the market is in a bubble, things are parabolic and this is unsustainable, the largest weighting of the most important stock market gauge hasn't even done anything for years.
Rather than taking the time to actually go one by one counting each of the stocks that are going up, down, or sideways, humans would rather skip that altogether in favor of their favorite Index or some kind of statistic.
You don't need any sophisticated math skills in order to count how well or poorly the stock market is doing.
Have you heard that this bull market is only being driven by Large-cap Tech?
Well, what if Small-cap Tech broke out of this multi-year base to new all-time highs?
What then?
Would it still be just Large-cap Tech?
Here's what the index looks like and, by definition, it excludes any of the so called "Mag7" and any other Mega-cap stocks that are perhaps helping to drive other indexes.
Last night was the big LIVE Event that I host at the beginning of every month.
There is no better way to start a new month, and in this case a new quarter, than going one by one and identifying the direction of primary trends for the world's most important stocks and assets.
Just for perspective, here are the S&P500 and Nasdaq100 Quarterly Candlesticks making new all-time highs, again.
As you can see, these are the types of things you tend to see in bull markets. You do NOT see them in bear markets.