This is the strongest market in modern history; Hedge funds are broadly underweight Mag7 because everyone knows the bubble is near its peak; Stocks now move 5–10% on headlines that aren’t even new.
Markets ripping higher into a shutdown isn’t strength … it’s proof the S&P 500 no longer trades on fundamentals. Liquidity, passive flows, and option mechanics have replaced cash flow and earnings. This isn’t history being made, it’s price discovery being euthanized. Markets ripping higher into a shutdown isn’t strength … it’s proof the S&P 500 …
