Tech surged most today and has muscled its way back into third place YTD, trailing only Energy and Comm Serv … small caps rose across board today but NASDAQ outperformed, moving to second place YTD (though it’s slightly trailing Russell 2000 thus far MTD) pic.twitter.com/TgptJ1zYQa

S&P 500 is outperforming Russell 2000 by nearly 7% this year … if spread stays positive, it will be fourth consecutive year of relative outperformance, which hasn’t happened since late 1990s [Past performance is no guarantee of future results] pic.twitter.com/LJfd2Jte1d

They tell us that earnings estimates tend to drop, but that hasn't happened in '24 so far. S&P 500 earnings still expected to be up an impressive 10.8% in '24. We continue to think that is a tad light, as a stronger economy in H2 should see even better numbers. pic.twitter.com/9UPkzGRjZC

The S&P 500: Is up 7.5% YTD Just had a standard 5% mild correction to shake off the bullish train Gained 10% back-to-back quarters, so some break is perfectly normal Is only 2.4% away from a new high