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 …