The Nasdaq 100 has reached a new milestone by closing above its 20-day moving average for 66 consecutive trading sessions, marking the longest streak since the Dot-Com Bubble era in 1999, when the record was 77 sessions. This streak reflects sustained market strength reminiscent of the late 1990s technology boom. Similarly, the S&P 500 has maintained a streak of 62 consecutive sessions above its 20-day moving average, the longest since 1997 and surpassing the previous 61-day record from 1998. Additionally, the S&P 500 has experienced 19 consecutive trading sessions without a 1% move in either direction, the longest such period since December 2024. Over the past 16 weeks, the S&P 500 has rallied approximately 25.9%, a rare occurrence seen only five times in the last 30 years, with comparable rallies in 1997, 1998, 2009, and 2020. Despite these bullish technical indicators, Vanguard projects that the S&P 500 will yield nominal annual returns of only 4-6% over the next decade, translating to 1-3% after accounting for an assumed 3% inflation rate, reflecting tempered long-term growth expectations amid current market valuations.