Anatomy of a Melt-Up

(1) Just getting started? (2) Winning the Triple Crown in one day. (3) No disputing that there’s a melt-up in bond prices. (4) From reaching to stretching for yield. (5) Valuations flying as earnings recover. (6) Better breadth. (7) Rotating leadership. (8) Sentiment is bullish, but not excessively so. (9) A couple of setbacks for consumer-spending story. (10) Political pause? (11) Amazon’s Prime Day. (12) “Anthropoid” (+ + +).