That’s the new all-time high for my custom Equal-Weight Bellwether Stock Index.
Here’s the chart:
Let's break down what the chart shows:
The black line shows our custom Equal-Weight Bellwether Stock Index. It includes major cross-sector leaders, such as Alcoa, Apple, AMD, Amazon, Boeing, Caterpillar, Disney, FedEx, General Electric, General Motors, Johnson & Johnson, JPMorgan Chase, McDonald’s, Walmart, and Exxon Mobil.
The Takeaway: This index tracks the most important stocks in the market.
These are companies that sit at the center of the US economy.
From tech and energy to healthcare and financials, each name carries equal weight.
No single stock dominates.
It’s a clean read on real leadership.
And these names are the generals.
When they move together, they reflect investor confidence and broad market appetite for risk.
New highs in this group usually signal that the backdrop is strengthening, not weakening.
The index just broke out of its latest base and closed at a fresh high.
It’s been stair-stepping higher for the past 3.5 years, building strength through a series of multi-month consolidations.
Now, that structure is resolving higher.
This breakout isn’t just about one sector.
It’s a sign of confidence across the board.
When the most important stocks in the market are breaking out as a group, that’s a powerful message.
If the generals are charging ahead… who’s next to follow?
Grant Hawkridge | Chief Aussie Operator, All Star Charts
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