US stocks near records amid low vol, but watch for turbulence. S&P 500 recently hit all-time highs around 7,800 before slipping ~0.5-0.8% to ~7,680-7,745 YTD +12-13%. Nasdaq 100 ~30k (+19% YTD), Dow ~53,400 (+10%). Strong earnings (record beats), AI optimism, and cooling
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