Over 2,000 Stocks Just Confirmed the Trend 🌤️ The Morning Print
Good morning!
Yesterday, the NYSE Composite Index closed at a new all-time high.
This is arguably one of the most important bullish developments we've seen recently.
Here's why.
The S&P 500, Dow Industrials, and Russell 2000 also finished at record highs, while the Nasdaq was the lone major index to close lower on the day.
Broad-based new highs are a bullish signal, particularly from the NYSE Composite, which tracks more than 2,000 common stocks.
For perspective, the S&P 500 now has an opportunity to post its tenth consecutive weekly gain.
The market's advance has been historic, and some near-term digestion would be perfectly normal and should be expected.
But the bigger picture remains unchanged: this bull market continues to display impressive strength.
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