S&P 500

Via LPLResearch.com,

What can we say about 2017 that hasn’t been said already, as it continues to smash records?

Per Ryan Detrick, Senior Market Strategist, “2017 will likely be remembered for two things: a persistent bullish trend and historically low volatility.”

In fact, here are two more records that prove that point.

The Nasdaq has never made more all-time highs than the 63 it has made (so far) this calendar year, topping the previous record of 62 set in 1980.

Excerpted from John Hussman's Weekly Market Comment,

Market valuations, on these measures, presently approach or exceed the 1929 and 2000 extremes, placing U.S. equity market valuations at the most offensive levels in history.

2 dead Saudi princes, dozens arrested, billionaires' assets frozen, and John McCain calling the tax deal "DOA" - B-T-F-Record-Highs!!

For some context on the unprecedented dominance of the tech sector on the overall market, here is some perspective from BofA's Savita Subramanian on October returns, when Tech continued to lead the other ten sectors, generating +7.8% on a total return basis. This translates into a whopping 75% of the S&P 500's return last month!

The 2-pack below compares the Cap weighted and Equal weighted performance year to date of the S&P 500 and Nasdaq 100-