EncryptionMaster01

Approximately 94% of markets in the MSCI All Country World Index (ACWI) are currently trading above the 200-day moving average, reaching the highest level in nearly 5 years.
Meanwhile, about 87% of ACWI countries are above their 50-day moving average, the highest since July.
The ACWI index covers 23 developed markets and 24 emerging markets globally, accounting for approximately 85% of the investable global equity universe.
In short, the breadth of the global stock market is at an exceptionally strong level.
As a result, the ACWI index has risen 21.6% year-to-date, on track to achieve its thir

The profitability of tech stocks is soaring:
Since January 2009, the 12-month returns of global tech stocks have surged by 550%.
In addition, global tech companies' net income has doubled over the past 4 years.
In comparison, since early 2009, the returns of global stocks excluding tech stocks have only increased by 50%.
In other words, the profit growth rate of global tech stocks is 11 times that of other stocks.

The US Consumer Confidence Index has fallen to a red alert level:
The US Consumer Confidence Index decreased by 3 points in December, reaching 89.1, the lowest level since April.
This is the fifth consecutive month of decline.
Except for April, the index is currently at its lowest level since January 2021.
The Current Situation Index dropped 9.6 points to 116.8, the lowest since February 2021.
The Expectations Index remained unchanged at 70.7, the lowest since June.
The Expectations Index has been below 80 for 11 consecutive months, a level historically indicating an impending recession.

Year-end profit-taking lays a solid foundation for the new year:
Last week, US stock market outflows reached $5.1 billion, expanding from $3.6 billion the previous week.
This is the 10th week of net selling in the past 14 weeks.
Individual stocks are the main reason for the outflows, with $8.6 billion flowing out last week, marking the 7th week of outflows in the past 8 weeks, bringing the total outflows during this period to $37.8 billion.
Institutional investors sold the most, with a net sell of $5.5 billion, turning into net sellers for the first time in 5 weeks.
Retail investors sold for t