UBS: ".. $NVDA has contributed 34% of the S&P 500's 10.6% YTD price return. $GOOGL, $MSFT, $META, and $AMZN combined account for another 26%." [Golub]

S&P 500 still holding on to double-digit % gains in year/year terms ... well above long-term average [Past performance is no guarantee of future results] pic.twitter.com/Xba2K4ainj

Some deterioration under the market's surface, but not yet showing up in significant increase in % of S&P 500 members making new 52-week lows pic.twitter.com/mC9pWExR9j

The US Bond Market has now been in a drawdown for 46 months, by far the longest bond bear market in history. Video: youtube.com/watch?v=jiSMRRhJbTw&t=139s pic.twitter.com/yBIacVeDCR