More eye watering charts here – Bloomberg
This is the S&P500 % of stocks above there 200 week moving average. Hard to sustain new highs when there is not a lot of action in the underlying stocks.
With the Nasdaq moving to challenge its all time high the question being asked is whether this bull run and move to new highs is a bubble. From my perspective the question is pointless since whether a market could be defined as being in a bubble or not is a function of whatever narrative you…Details