Some all-time highs: Alphabet Microsoft Booking Hldgs TJX P&G Walmart AFLAC Ameriprise Moody's McKesson Boston Scientific Regeneron Motorola Roper Avery Dennison @CNBC

Concentrate: our latest report, as usual co-authored with @KevRGordon, is now published in which we dissect market performance at the index level, but also under the surface, in a “tale of two markets” www.schwab.com/learn/story/hard-to-concentrate-top-heavy-market

Energy outperformed today while Tech slipped to bottom of leaderboard; latter continues to do well MTD and YTD, but YTD lead is getting cut into a bit of late … small caps outperformed today, led by Russell 2000 Value (which still has poor performance YTD) pic.twitter.com/vnEpgngds6

"You have to be wildly optimistic to believe that corporate profits as a percent of GDP can, for any sustained period, hold much above 6%." - Warren Buffett, 1999 bilello.blog/newsletter pic.twitter.com/Vwh4yuOpmK