"This chart might be the simplest explanation for US equity market resilience since 2011: limited supply"
"AI related stocks have accounted for 75% of S&P 500 returns, 80% of earnings growth and 90% of capital spending growth since ChatGPT launched in November 2022"
"Ever since the S&P 500 broke out to new all-time highs, the bull market playbook has been in full swing"
"Individual Stocks are not overbought — unlike at previous tops of significance"
"The IPO market logged the busiest week since 2021 this month"
All 4 major indices hit new all-time highs today in unison for the first time since 2021
