Group 1 - Investor confidence in small-cap stocks is increasing, providing crucial support for the U.S. stock market before typically weak months [1] - Over 64% of Russell 3000 index constituents are trading above their 200-day moving average, the highest level since December of the previous year [1] - The broadening market rally alleviates concerns that poor performance of individual stocks could severely impact the overall market [1] Group 2 - Since the low in April, a strong rebound has been primarily driven by tech giants, indicating a positive signal for bullish investors [3] - Approximately 67% of S&P 500 stocks are currently above their 50-day moving average, and about 68% are above their 200-day moving average, a significant increase from July [3] - The market breadth is expanding, particularly in large sectors such as information technology, communication services, and consumer discretionary [3] Group 3 - Historically, September is the only month where the probability of the S&P 500 index declining exceeds that of it rising, with an average decline of 0.7% over the past 75 years [4] - Despite significant improvements in overall market performance, there is still room for further enhancement [7] - The S&P 500 index has risen 30% since the low on April 8, while its equal-weighted index has increased by 23% during the same period [7]