Whatever the ultimate diagnosis for the market's present condition, symptoms include "mild discomfort with intermittent fever and chills." For sure, its overall condition is healthy, in the most broadly observable respects. The S & P 500 made a new record high, its 25 th of the year. The index has now gone 328 trading days without a 2% one-day decline, its third-longest such streak this century.
mountain Nvidia, 1-year Thursday saw some $80 billion in Nvidia common stock turn over, well over 10-times the activity in comparably sized Apple and Microsoft. Perhaps this was peak fever, the record date for the 10-for-1 stock split that takes effect Monday? It's more guess than analytical assessment.
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