The 6 biggest US banks posted a record $45 billion in trading revenue during Q1, up 17% YoY.

Their stock prices have soared over the past year... $C: +110% $GS: +81% $MS: +78% $BAC: +46% $JPM: +34% $WFC: +27%

12 out of 21 sectors witnessed a year-over-year increase in U.S. M&A deals on a trailing 3-month basis (Jan 26 - Mar 26 vs. Jan 25 - Mar 25)

In August 2020, Exxon was removed from the Dow and Salesforce was added to the index. Total Returns since... Exxon XOM: +396% Salesforce CRM: -39

The trailing 12-month P/E ratio for SPX of 27.2 is above the 5-year average (24.7) and above the 10-year average (23.2)

Warren Buffett said it best.