US Stocks Hit Consecutive Highs: Real "Bull Run" or "Bubble Inflation" Before the Storm?

This weekend while reviewing market charts, I noticed a familiar yet concerning scene: US stocks continuously hitting new highs as if "there's no tomorrow." From my 7 years of market analysis experience and previous painful lessons with FOMO psychology, I feel we need to calmly reassess - could this be the "topping process" that Bob Volman often warns about?

Today I'll dissect this weekend's US stock movements through the lens of price action analysis and practical experience, while highlighting signals that fellow traders need to watch.

Technical Analysis: When the Uptrend is Too "Perfect"

Nasdaq closed at record highs for 6 out of the last 7 sessions - this number sounds "beautiful" but from experience, when markets rise for too many consecutive sessions, it's usually time to be cautious.

Specific Numbers:

• Nasdaq: +153.78 points (+0.74%) to 20,884.27 points

• S&P 500: +6,297.36 points (+0.54%)

• Dow Jones: +229.71 points (+0.52%) to 44,484.49 points

From Al Brooks' perspective, this could be "climactic buying" - when everyone is optimistic, that's usually when smart money starts taking profits.

Earnings Season: Real "Fuel" or "Sugar High"?

The uptrend was driven by Q2 earnings season, with highlights including:

• PepsiCo up 7.5% after optimistic forecasts

• Tech and semiconductor groups leading the gains

• Nvidia up nearly 4%, AMD and Super Micro Computer up over 6.4%

But I remember Q1 2022 earnings season - there were many good reports then too, but the market still corrected sharply afterward. Lesson: "Good earnings in a bubble market can still lead to selling."

Economic Data: Perfect Scenario or "Too Good to Be True"?

Positive Signals:

• Unemployment claims decreased

• June retail sales up 0.6% (beating forecasts)

• June inflation: 0.3%, 2.7% year-over-year

These numbers are truly impressive, but from macro analysis experience, when everything is "too good," it's usually when the market is about to have an unwelcome surprise.

Red Flags: Tariffs and "Trade War 2.0"

This is what concerns me most:

Trump announced 30% tariffs on goods from EU, Mexico starting August 1 - this is significant escalation. EU announced 72 billion euro retaliatory tariff package - proving the trade war will be more intense.