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"We have seen a return of the quiet strength that is a hallmark of bull markets"
DC Lite #663
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1. Financial Conditions Index. "Initiated in 1990, it has never shown conditions easier than they were at the close on Friday".
2. Nasdaq-100 futures positioning. "Asset managers and leveraged funds remain near-record net short Nasdaq-100 futures. The latest CFTC report shows a combined −$20.2B net position, the second most negative reading in the available history, just shy of last week's −$21.0B record."
3. Tech insiders. "Traders are record short while insiders are near 15-year high in buying activity."
4. Quiet strength. "We have seen a return of the quiet strength that is a hallmark of bull markets. The strongest markets are not exciting, but they quietly and persistently grind higher."
5. New lows. "The general theme persists regardless of index - hardly any stocks are moving materially lower. In fact, for the S&P 500, 400, 600, and 1500, the number of stocks at a 1-month low has been steadily declining as the market moves higher."
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