The S&P 500 just crossed 7,400 for the first time ever 🔥
• ~$10T added in just 29 trading days
• $SPY now on its longest weekly winning streak in ~2.5 years
What’s crazy is what’s happening underneath:
• Bond market stress still elevated
• Oil volatility still alive
• Rate cut expectations fading
And equities just keep grinding higher anyway.
That’s what makes this rally interesting.
Markets are basically climbing while macro still looks uncomfortable.
Week 7 loading?