The stock market is on fire: More NYSE and Nasdaq stocks have hit 52-week highs than lows for the 24th consecutive week, the longest stretch since 2017. This marks the 3rd-longest streak in at least 10 years, behind 40 weeks in 2017 and 36 in 2016. Last week, ~10% of NYSE and Nasdaq stocks reached new 52-week highs, while just 3% hit new lows. Meanwhile, 65% of S&P 500 stocks are now trading above their 200-day moving average, near the highest share since December 2024. The bull market is roaring.(The Kobeissi Letter)