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Weekly Market Update: Bull Markets Don’t Die Suddenly

Bull markets don’t die overnight.

At the start of July, I expected another strong month. And that’s exactly what we got. The market has been pushing higher without pause.

We’ve been hitting one all-time high after another. That’s what strong markets do. Bull markets don’t just end all of a sudden. They usually slow down gradually before reversing.

One sign of strength: we just hit a record streak of days above the 20-day moving average. It’s the longest run since 1997. The all-time record is 101 days from 1964. Right now, we’re at 62.

What happens after such a streak?

Usually, it keeps going. Markets that stay strong for this long tend to push even higher. Momentum is powerful.

Of course, this streak will end eventually.

This rally is not just about tech or a few big names. Many sectors are doing well.

In fact, we just hit another all-time high in the equal-weighted S&P 500. Plus, 10% of S&P 500 stocks hit new 52-week highs — the most since March.

There’s no major reason to think this bull market is about to end. But that doesn’t mean it goes up in a straight line. There will be pullbacks along the way.

Now, we’re heading into the…