Technically, CCJ’s breakout above round-number resistance at $100 confirms powerful bullish momentum, though near-term consolidation is likely as traders lock in profits.

Only those who experienced the heady euphoria of the late 1990s dot-com bubble in tech stocks know what the shift from "can't lose" confidence to "can't win" surrender feels like. 

While the rate cut got most of the attention, the Federal Reserve made another move during its October meeting that is arguably more consequential.

The stock market’s strength in 2025 has been impressive, and the forces that have driven it higher aren’t exhausted yet.