I agree Jeff.
I realize this product is pretty much oriented toward strictly technical indicators for short term and/or swing trading purposes and I do not criticize that.
But, ignoring certain personal biases that have been expressed, and taking account of economic regime change into Fiscal Dominance as a response to out-of-control Sovereign Debt/GDP, and all of the other factors you and Kevin mention, support of the “wealth effect” is real, and it’s baked into the cake.

My thinking exactly, Jeff.
We’ve NEVER had a president like Trump before. We’ll find out if growing the economy to reduce deficits and stay out of recession will work instead of relying on the FED to keep things stable.
Time will tell, but Trump wants the stock market to keep going up. He watches it more than any other president, and thinks it will be a huge gauge of his presidency. He will do everything and anything to continue the bull market.
Shorting this market is a fools game while Trump is in office….IMO
The only thing that could be a black swan is if the dems take over the House and/or the Senate next year.

AAPL chart a bit sloppy, without a strong read on the near-term direction. However, what I can say with certainty is that AAPL is currently backtesting its key 200-day SMA from below since it lost it back on March 11th (which was immediately followed by a sharp 25% drop in the stock). The 200-SMA & 200-EMA both (sometimes one, sometimes the other) have historically done a great job of acting as support during bull trends & resistance during bear trends in AAPL.

As such, AAPL is at a key level that has the potential to either make (extend the rally) or break it (rejected here followed by a continuation of the downtrend that started with the stock peaked back in Dec 2024)

No, based on both the techicals (long-term weekly & monthly charts) as well as the fundamentals, very much including but not limited to (although a BIG factor) my analysis & expectation that interest rates (via the 10 & 30-yr Treasury yields) ended a nearly 40-year secular bear market at the 2020 lows, marking the beginning of a new secular bull market in rates, I have as much confidence in that lost decade+ for the US stock market now as I did a year or two ago.

Such a long-term macro call will take (of course) many years to play out, and as with any call, may or may not pan out. However, as per the post I just made today (Friday), if the 30-yr yield does make a solid and SUSTAINED breakout to multi-decade highs, I will eat my hat if the secular (multi-decade) bull market in equities that has coincided with that secular bear market in interest rates doesn’t end as well.