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New Highs in a Variety of Places

There's more to the stock market than Semiconductors.

Hello again, Spirit Animals.

As I surf around the stock market looking at charts, I can't help but notice that new 52-week and All-Time highs are popping in all kinds of sectors. This is breadth. And it's what is healthy for the long-term direction of the stock market.

Here's are a few names, from a variety of sectors to make my point. 

We'll start with an all-time high in a community bank, Citizens Financial Group $CFG which is just one of many banks of all sizes that are trending higher:

Next, we'll head on over to online retailer Etsy $ETSY, who is printing two-year highs today:

Then we'll turn the corner and find a healthcare-focused real estate investment trust (REIT), Welltower $WELL making new all-time highs:

Next, we'll find health insurance provider Cardinal Health $CAH etching new all-time highs:

These are real trends and investors are making some real money.

The starch is being taken out of large caps like $MSFT, legacy software names like $ORCL, and former darlings like $PLTR which is weighing heavily on indexes that are tech heavy. But if you're willing to just follow price, you'll find there are lots of stocks making fresh new highs on a daily basis.