It's wild how traders have become so desensitized to rallies. A fresh all-time high in the S&P 500 used to be headline news – now? Barely a blip. Nobody's rushing to Bloomberg anymore because, well, hitting new peaks is just what equities do at this point. The market's turned numb to something that would've been shocking just years ago. That shift in sentiment says a lot about where we are in this cycle.