July was a historic month for investors: The Nasdaq Composite reached 14 all-time highs in July, the most for any July on record, according to SentimenTrader. That’s double the total in 2024 and surpasses previous July records set in 1977 and 1997. At the same time, the S&P 500 reached 10 all-time highs last month. Historically, only 2 other years have seen as many highs during July. Year-to-date, the S&P 500 has posted 15 all-time highs, its second-strongest year since 2021, behind the 57 highs set in 2024. The rebound has been historic.(The Kobeissi Letter)