Record highs are back. What comes next?
The S&P 500 has risen in 13 of the last 17 instances following a significant breakout to an all-time high over the last 30 years.
During these periods, the index gained an average of ~6.3% over the subsequent 6 months.
The 4 exceptions came in 2000, 2007, 2018, and 2019, with the first two preceding major bear markets.
Most recently, in 2025, the S&P 500 gained +12.3% in the 6 months following a similar move to an all-time high.
Meanwhile, the S&P 500 has posted 26 all-time highs in 2026, following 39 record closes in full-year 2025 and 57 in 2024.
History suggests market momentum is set to continue.
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The S&P 500 has risen in 13 of the last 17 instances following a significant breakout to an all-time high over the last 30 years.
During these periods, the index gained an average of ~6.3% over the subsequent 6 months.
The 4 exceptions came in 2000, 2007, 2018, and 2019, with the first two preceding major bear markets.
Most recently, in 2025, the S&P 500 gained +12.3% in the 6 months following a similar move to an all-time high.
Meanwhile, the S&P 500 has posted 26 all-time highs in 2026, following 39 record closes in full-year 2025 and 57 in 2024.
History suggests market momentum is set to continue.
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Hunter Biden revealed that his father Joe Biden’s prostate cancer has metastasized, leaving the former president in severe pain.
“The cancer has spread, metastasized into his bones and further. It’s very painful and it’s very debilitating in many respects.”
"It’s really sad to watch," Hunter Biden told the BBC. "The only thing that I’d say about my dad, about his health right now, is I wish he would complain more, because it’s not good."
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“The cancer has spread, metastasized into his bones and further. It’s very painful and it’s very debilitating in many respects.”
"It’s really sad to watch," Hunter Biden told the BBC. "The only thing that I’d say about my dad, about his health right now, is I wish he would complain more, because it’s not good."
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Unless liberty is defended with force, it will be crushed by an aggressor who is more than willing to use violence.
Hong Kong became one of the freest and richest cities under the British with no natural resources, just a government that mostly stayed out of the way.
And despite Beijing promising 50 years of autonomy, a free press, and an independent justice system under “One Country, Two Systems,” millions in 2019 marched against extradition to the Mainland.
China imposed a National Security Law, shut down the press, jailed Jimmy Lai for 20 years, and Joshua Wong is facing a possible life sentence.
Over 144,000 have used Britain’s visa route to escape.
Because the marketplace of ideas is not a defense mechanism against aggression.
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Hong Kong became one of the freest and richest cities under the British with no natural resources, just a government that mostly stayed out of the way.
And despite Beijing promising 50 years of autonomy, a free press, and an independent justice system under “One Country, Two Systems,” millions in 2019 marched against extradition to the Mainland.
China imposed a National Security Law, shut down the press, jailed Jimmy Lai for 20 years, and Joshua Wong is facing a possible life sentence.
Over 144,000 have used Britain’s visa route to escape.
Because the marketplace of ideas is not a defense mechanism against aggression.
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BREAKING: China’s central bank officially added +20 tonnes of gold in July, its largest monthly purchase since October 2023.
This follows +15 tonnes and +10 tonnes acquired in June and May, respectively, and marks their 21st consecutive monthly increase in gold reserves.
Year-to-date, China has officially raised its gold reserves by +60 tonnes, bringing its total gold holdings up to a record 2,366 tonnes.
Meanwhile, China’s central bank has reportedly been moving more of its gold reserves from London to Hong Kong, signaling support for the city’s push to become a major global gold-trading hub.
The relocation is set to continue as Hong Kong launches a new gold-clearing system aimed at making the city a bigger center for global gold trading and pricing.
China’s appetite for gold remains incredibly strong.
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This follows +15 tonnes and +10 tonnes acquired in June and May, respectively, and marks their 21st consecutive monthly increase in gold reserves.
Year-to-date, China has officially raised its gold reserves by +60 tonnes, bringing its total gold holdings up to a record 2,366 tonnes.
Meanwhile, China’s central bank has reportedly been moving more of its gold reserves from London to Hong Kong, signaling support for the city’s push to become a major global gold-trading hub.
The relocation is set to continue as Hong Kong launches a new gold-clearing system aimed at making the city a bigger center for global gold trading and pricing.
China’s appetite for gold remains incredibly strong.
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Sophie Cunningham is bravely STANDING UP for women's sports...
And female athletes are smacking her in the face for it.
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And female athletes are smacking her in the face for it.
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Wall Street is paying less attention to the Magnificent 7:
Monthly mentions of the "Magnificent Seven" across news stories on the Bloomberg terminal are down to ~1,400, near the lowest since Q4 2023.
This marks a -70% decline from the Q1 2024 peak of ~4,300 mentions, which came shortly after the term was introduced in 2023.
A similar pattern occurred with the "FANG" and later "FAANG" labels, originally referring to Facebook, Amazon, Netflix, and Google before Apple was added.
Monthly mentions of "FANG" and "FAANG" surged to a record ~2,800 in Q4 2018.
Subsequently, they dropped -82%, to just ~500 mentions by early 2020.
Investor attention has shifted away from the Mag 7.
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Monthly mentions of the "Magnificent Seven" across news stories on the Bloomberg terminal are down to ~1,400, near the lowest since Q4 2023.
This marks a -70% decline from the Q1 2024 peak of ~4,300 mentions, which came shortly after the term was introduced in 2023.
A similar pattern occurred with the "FANG" and later "FAANG" labels, originally referring to Facebook, Amazon, Netflix, and Google before Apple was added.
Monthly mentions of "FANG" and "FAANG" surged to a record ~2,800 in Q4 2018.
Subsequently, they dropped -82%, to just ~500 mentions by early 2020.
Investor attention has shifted away from the Mag 7.
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I still watch this sometimes just to remind myself that immigration for immigration’s sake is one of the dumbest ideas America has ever adopted
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Liberals will see black women absolutely clothesline other women, look at you straight in the eye, and still say white privilege is the biggest problem in America
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