What is a Bellwether?
According to Google's AI Software Gemini, in finance a market bellwether is a stock, company, or other indicator that is believed to reflect the overall direction of the market, economy, or a specific sector or industry.
We talk about this sort of thing a lot around here.
And the bellwethers are making new highs. Are you noticing?
If there's one thing we've learned over the years, it's that new all-time highs are a characteristic of bull markets.
And that's exactly what we're seeing right now — fresh all-time highs popping up everywhere.
Some of the most important stocks on the planet are joining the list.
On one hand, we have JPMorgan Chase $JPM — the largest bank in the U.S and bellwether for the Financial sector.
If this one's breaking out, it's tough to argue against the underlying strength and health of the market.
Then there's Nvidia $NVDA, the biggest company in the world and the gate-keeper of the AI revolution. What more is there to say?
After spending the past year moving sideways, digesting gains, the stock is breaking out to its highest level ever.
