Good Tuesday morning. The extraordinary set-up for US equities continues, as we’re now 3 trading days away from having 5 straight months of gains. You have to go back to post WW2 to find a 5 month period that beats this markets performance. It also bodes incredibly well for the rest of the year, as Carson Research points out below.

When Nov, Dec, Jan, Feb, and March are all higher, the rest of the year (final 9 months) has never been lower (11 for 11, back to 1950) with an avg return of 11.9%.

This also bodes well for the month of April, which is historically the second best month of the year. Watch what’s about to happen with beginning of month fund flows as "monster levels" of investor money comes piling into US equities, including from the record $6.2 trillion sitting in money market accounts.

What’s also remarkable, as Tyler and I have been covering in our daily podcasts, is that our broad markets are nowhere near overbought levels. The rotational themes of this market...