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The S&P 500™, today, as of ~ 11:30 ET, presented with no other commentary. It speaks for itself. To wit: © 2026 Mark St. Cyr

Posted with only this brief comment I keep making over and over again… Until these “markets” determine either the Fed doesn’t have its back or no longer can – they will just keep going up regardless of anything signalling danger. The hype is now officially returned to its former al-chemical glory of pure “hopium.” So…

Here’s an update of my ongoing notes concerning the “markets.” It’s also a great illustration as to why I no longer comment on them in any regular fashion. For trying to make a rationale argument as to why one should view all this as problematic against the backdrop of “Well, Mark. My 401K begs to…