The market is firing on all cylinders.
Investors are embracing an increasing level of risk and leaning into global opportunities.
But the animal spirits are back in US markets too.
Speculative tech is back on trend, risk appetite is improving with every passing day, and market internals are confirming all this bullish action in a big way.
Another critical breadth thrust printed this week, with the percentage of stocks making new 20-day highs breaching 55% for the first time in almost 18 months.
Grant just wrote about it and called it his "favorite breadth thrust."
If I had to pick just one, it would be my favorite, too.
But what I really like is when our suite of breadth thrusts all fire together. And this is starting to happen now.
We got the ultra short-term thrusts already. Now we're getting the short and intermediate-term thrusts. And I'm sure we'll get the longer-term ones soon.
This signal has a perfect track record over the last 25 years based on forward 12-month returns. The average return is 15% after the thrust. We got big signals off the 2018, 2020, and 2022 lows. And now again today.
Check out Grant's note below. It has all the charts and statistics. And if you're not getting his free daily email, sign up for it here. Grant is the best in the business when it comes to stat work.
The bull is back.
Steve