Strategy View: Market Indices, Breadth, and Breakouts

Key Points:

 

  • S&P 500, DJIA, and Nasdaq indices are all at all-time highs for first time since November 2024.
    • Using a -25% off highs bear threshold, the S&P and DJIA did not fully reset with an early-2025 correction, but Nasdaq did (-27%). Therefore, the S&P and DJIA are beyond median bull market length, but still well below the average.