The top 10 holdings in the S&P 500 now make up over 39% of the index, the highest concentration on record.

Subprime auto loan delinquencies are hitting records

Gold is experiencing the mother of all Bollinger band squeeze -> breakouts

The S&P 500's price to peak earnings ratio has moved up to 27.9, its highest level since 2000 and 62% above the historical median.

Mag 7 earnings are what have been driving the market higher for years.