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[Koyfin @KoyfinCharts]

The US M2 Money Supply has reached a new high of $22.8 trillion.

6.7% CAGR over the last 67 years.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

Volatility is the toll we pay to invest.

Accept it.

The market corrects:
•3%, 7x times a year
•5%, 3 times a year
•10%, once a year
•15%, every 2 years
•20%, every 3.5 years

S&P 500 intra-year declines vs. calendar year returns

[Lisa Abramowicz @lisaabramowicz1]

US 10-year Treasuries are offering about the greatest amount of yield versus the S&P 500's earnings yield going back to 2003. Either earnings have to keep outperforming, or bonds will start looking like an increasingly attractive alternative.

[Charlie Bilello @charliebilello]

S&P 500 earnings are now expected to increase by 25% this year. We've never seen earnings growth this high outside of post-recessionary rebounds. An unprecedented boom fueled by massive EPS gains in big tech.

Video: https://t.co/HdoFAnN6sC

[Kevin Gordon @KevRGordon]

Philly Semiconductor Index most stretched vs. its 200d moving average since March 2000

[Charlie Bilello @charliebilello]

S&P 500 earnings are now expected to increase by 23% this year. We've never seen earnings growth this high outside of post-recessionary rebounds. An unprecedented boom fueled by massive EPS gains in big tech.

Video: https://t.co/MlNh6tnw11

[(((The Daily Shot))) @SoberLook]

Momentum stocks are experiencing one of their sharpest rallies relative to minimum-volatility equities on record.

Source: @RealAlpineMacro

[Barchart @Barchart]

U.S. M2 Money Supply hits new all-time high of $22.7 Trillion 📈🥳🤑

[Hedgeye @Hedgeye]

The S&P 500 fully recovered from a -10% drawdown in just 11 trading sessions, the fastest V-shaped recovery on record.

[Lisa Abramowicz @lisaabramowicz1]

Japanese 10-year yields hit a new post-1997 high of 2.52%. Longer-term yields are rising globally in tandem with surging oil prices, especially as companies and governments demonstrate a will to keep spending.

[David Marlin @Marlin_Capital]

Over the long term, it’s all about earnings.

And right now, earnings are pointing to plenty more upside ahead. 👇

$SPX $QQQ $IWM

[Liz Ann Sonders @LizAnnSonders]

S&P 500’s forward P/E currently stands at 19.5…up from March 30 low of 18.9 but well below last October’s high of 23.1

[Kevin Gordon @KevRGordon]

Stocks as a % of household financial assets jumped to 52.2% in the fourth quarter of 2025. That is a new record.

@NDR_Research

[Matt Cerminaro @mattcerminaro]

Here's your chance to buy NVDA at a sub 20 forward PE.

[Brian Sozzi @BrianSozzi]

Morgan Stanley on why there is "growing evidence" the S&P 500 correction is getting closer to its ending
stages:

☑️"The S&P’s forward P/E ratio has now compressed by 17% which is in the range of prior growth scare outcomes in the absence of a recession or the Fed hiking."

☑️"The regression between earnings growth and crude when the two are negatively correlated implies that the market is priced for the move in oil prices thus far."

☑️"Equal weighted defensive sectors including Staples have actually underperformed the broader market since the conflict began."

[Holger Zschaepitz @Schuldensuehner]

The Iran War has wiped $12 TRILLION from global markets; more than the entire economies of Germany, Japan, and the UK combined.

[Eric Balchunas @EricBalchunas]

You think the S&P 500 Index is too concentrated? Try going to another country for a while. The US is one of the *least* concentrated markets. Here's countries ranked by the % of market made up by top 10 biggest stocks, via @psarofagis in a banger note out today that is part of our ongoing 'Stop Overthinking Everything Because the Market Loves Punishing Midwits' theme..

[The Icahnist @TheIcahnist]

Private credit exploded over the past decade:

[Kevin Gordon @KevRGordon]

The Bloomberg Commodity Spot Index has soared to a new all-time high

[Beth Kindig @Beth_Kindig]

Since 2015, investors have been warned nonstop about a “tech bubble” that has never seemed to pop – meanwhile, the NASDAQ-100 is up 550%. 

Today, the same warnings are being applied to AI.

Below, I examine periods when normal market resets were mischaracterized as a bubble, why today’s AI cycle does not share those characteristics before concluding with the technical signals we are monitoring to confirm that AI remains in a sustained uptrend. ⬇️
https://t.co/bUdrg6mCdn

$QQQ $NVDA $SPY