Today's weekly Global Trends Investor (GTI) issue highlights that markets are strong but getting stretched. The #WorldIndex is now 28% above its 200-day moving average. That's hot, but not red hot, as a historically normal high reading is above 30%. Still, something to keep an eye on. In other news, the US market leaders are at an all-time high, but only a few are able to beat the World Index. A similar picture is evident in our CAPR* chart, as highlighted below. Once again, the #USmarket is showing leadership, while Europe and Emerging Markets have eased back, with Japan the standout decliner. In terms of individual stock highlights, JPMorgan $JPM and Capital One $COF lead in finance, with the latter's recent acquisition pitching it as a serious competitor against Visa and Mastercard. Meanwhile, Broadcom Inc. $AVGO and Amphenol Corporation $APH show notable leading trends in the tech industry. On the other side of the coin, we have some heavy-hitters in the bearish trend category. Procter & Gamble $PG and McDonald's $MCD are notable, while Adobe has become a regular in this category. The GTI Top 200 highlights the leading, emerging, weakening and bearish trends for the world's top 200 stocks. The weekly update is free to read here: (*CAPR, or currency-adjusted price relative, converts all stocks and asset performance into a common currency, USD, and measures them relative to the World Index)