Embracing a New Season of Growth
It’s hard to harvest what never gets planted
Chart from the Day: One > 2000
Apple eclipsing the Russell 2000 tells a tale of two divergent markets
Volatility Ebbs, So Does Strength
New lows < new highs is NOT bull market behavior
Stock Market Still Streaking
Stocks rallied today, but weakness beneath the surface persists
Reasons to Smile
A market that consistently produces more new highs than new lows will be ready for sustained strength
Concentration Struggles
Relative to history and relative to the rest of the world, the US stock market is top-heavy
Rally Needs Support
The scale is tipping further away from Opportunity in June as Financial Liquidity moves to the Risk side (from Neutral).
Getting In Gear?
New highs exceeding new lows is a healthy change in character
Paying Attention
You don’t know what you are missing if you aren’t even looking
Large-Caps Lead Breadth Improvement
Fewer stocks in big drawdowns reflects a healthier market environment
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