Weirdest ever

I've watched nearly every tick in markets for 25 years. I've posted over 10,000 notes. And this might be the weirdest market I've ever seen. Once again on Wednesday, major indexes like the S&P 500 soared while the average stock fell. We've been noting these oddities for weeks, and they haven't mattered, at least for the S&P index that everyone watches. As a result of the relentless rise in the indexes and consistent weakness in most securities, the S&P reached yet another 52-week high, yet the McClellan Oscillator closed at -37 on Wednesday. Of the 10 worst-ever Oscillator readings on a day the S&P reached a new high since 1962, 4 of them were set in the past week.

This is also the first time since the year 2000 when the S&P jumped more than 1% to a new high while the VIX "fear gauge" rose more than 5%.