If there’s one thing I’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 that we don’t already know?
After spending the past year moving sideways, digesting gains, the stock is breaking out to its highest level ever.
Semis were early leaders in this cycle — and now they’re back in the driver’s seat.
I treat names like this as indexes themselves. They matter a lot. These two individual companies represent huge chunks of the global economy.
When the biggest, most important stocks on the planet are leading, that’s as bullish as it gets.
You would be crazy to bet against the U.S. stock market with these mega caps at new record highs.
