7/3/25 Half-day. Friday closed
Record highs for Naz and S&P as investors must be feeling patriotic going into the long weekend. Or the big boys are already off and Robinhood traders are driving us up with leveraged index options.
Of note, the Naz and S&P have advanced 5% or more from some distribution days, so they are dropped from the count, leaving the Naz with 1 and the S&P with 2. This can make investors a little less worried. Exposure still 80-100%