The S&P 500, Russell 2000 (small caps), and NASDAQ all closed at all-time highs together last Friday for the first time since January 2018.
In other words, for the first time in a long time, these 3 indices are all making new highs together.
Here are the historical cases in which the S&P, Russell, and NASDAQ all made new all-time-highs (CLOSE $) together for the first time in at least 7 months.
Click here to download the data.
Here’s what happens next to the Russell 2000
Here’s what happens next to the NASDAQ
As you can see, the U.S. stock market’s forward returns from this study are bullish, but not exceptionally bullish.
Here are some exceptionally bullish studies (here and here)