"The Nasdaq Comp is broadly, and almost eerily, tracking its mid-1990s experience in terms of its bull run & occasional pullbacks"
"EPS breadth suggests that FED should be in cutting mode not pausing"
"Funding spreads declined during the recent rally. This suggests macro investors trimmed their equity exposure on the recent strength"
"As long as there is full employment, households are structural net buyers of US equities"
"MAGMAN NTM PE relative to the S&P 500 is at the lowest level since 2017"
"Policy uncertainty has gripped the market in 2025."
