This was a fantastic week for the markets.

The S&P 500 has hit 6,600 for the first time in history.

This is the 24th all-time high this year. Few signals are more bullish than new highs.

The index is now up 36% from its April bottom.

That makes this one of the strongest five-month rallies ever.

Since 1975, the S&P 500 has risen 30% or more in five months only six times. Each time, the index was higher a year later, with an average gain of 18%.

If there’s one sector to watch to see where the market is headed, it’s semiconductors.

They’re the lifeblood of this AI-fueled bull market.

The market isn’t just about big tech.

The Russell 2000 has outperformed the S&P 500 and now has the most stocks trading above their 200-day moving average in nine months.

This is a broad market rally.

The takeaway is simple: across…