The JPMorgan Equity Premium Income ETF (JEPI) is experiencing upward movement, driven by the S&P 500's unexpected resilience despite a streak of negative breadth. This anomaly, where the index maintains gains without positive breadth, is the longest since 1997. Analysts attribute this to high market valuations and speculative investments, such as MicroStrategy's recent inclusion in the Nasdaq 100, which are creating a disconnect between asset prices and traditional valuation metrics. This divergence raises concerns about a potential market bubble, as speculative stocks continue to rise while the broader S&P 500 lags.
As of 10:30 AM on December 16, JEPI is trading at $59.53, reflecting a 0.17% increase from its previous close.