The broad market index has also posted gains in 16 of the last 18 weeks — something that, according to Deutsche Bank strategist Jim Reid, hasn't happened since 1971.
However, some on Wall Street now fear the market may have overextended itself to the upside, clearing the way for a pullback from record levels.
BTIG chief market technician Jonathan Krinsky also noted there's a divergence never before seen in Big Tech.
Volmageddon refers to a massive volatility spike in early 2018 in which the Cboe Volatility Index (VIX) more than doubled to more than 50.
Bottom line: A short-term pullback in stocks could take place soon, if history is any guide.
Persons:
Jim Reid, hasn't, Chris Montagu, Citi's, Jonathan Krinsky, Krinsky
Organizations:
Deutsche Bank, Nasdaq, Federal Reserve, Apple, RSI
Locations:
Big Tech