As decreed by Federal statute, the market hit lifetime highs again today, for the 327th day in a row. The bull market is flying along in its 11th year, and it will continue to do so until Jerome Powell decides to stop it. What would compel him to do so? Beats me. But the Dow Industrial Average has pushed above its channel:
The Dow Transports have pushed above their trendline as well:
And the Dow Utilities has gone from the Stratosphere to the Ionosphere.
In the year 2373, when this is all over, I hope they’ll thaw me out of my deep-freeze chamber so I can write a huge book about this entire period of insanity. It’ll make a nice follow-up to my Panic, Prosperity volume.
