June 1 Update

Winning streak get to nine straight weeks of gains for the S&P 500. 8 out of 9 weeks for the Nasdaq and 9 out of 10 weeks for the Russell.

Largest winning streak in over 20 years.

Breadth through May shows within the S&P more stocks were down than up (with 280 down and 226 up), with the Nasdaq 100 basically even at 52 up and 50 down, very odd with the strong index action.

Barron’s has an article this morning – “If It Walks Like a Bubble and Quacks Like a Bubble, Then It’s Probably a Bubble”.

May jobs data on Friday.