The U.S. stock market has recently shown significant strength, with notable movements in various indices. The Russell 2000 index experienced a remarkable increase in the percentage of its members trading above their 10-day moving average, jumping from 5% to 91% over the past three weeks, marking the strongest thrust since January 2019. Additionally, the Nasdaq 100 index has seen a recovery, with slightly more than two-thirds of its members trading above their 200-day moving average, although the trend remains weak throughout the year. The Nasdaq 100 has been positive over any two-year period 87% of the time over the last two decades, with the QQQ ETF rallying an average of 31% over two years, representing an annual compound growth rate of 14.3%, significantly outperforming the S&P 500's 10.4%. Innovation and growth drive long run equity returns, and the Big Tech-heavy QQQs leverage that simple fact. The market's breadth has strengthened significantly, as indicated by the increasing percentage of stocks reaching new 52-week highs.