1. The broad market has recovered from recent losses and reached a new all-time high, as measured by the S&P 500 Equal Weight Index. 2. The market-cap-based S&P 500 Index is not at an all-time high due to a rotation into value stocks. 3. Nvidia's upcoming earnings report is highly anticipated, but the stock's significant rise ahead of the report could lead to profit-taking if the results are not exceptionally positive.