The year 2025 has been one of unrelenting lifetime highs. The advance/decline line of the market shows an absolutely muscle-bound bull stomping its way through the beleaguered, nearly lifeless bears.
On the other hand, the percentage of stocks above their respective 200-day moving averages has stalled out again. This market, much like Bitcoin, is dependent on an endless line of new buyers (and new money) to keep pushing prices into the ionosphere.
