The S&P 500 is nearing new all-time highs, recovering from a challenging spring. Strong corporate earnings and easing trade tensions have contributed to this positive momentum. European markets are also thriving, buoyed by supportive monetary and fiscal policies. Investors should analyze trends in gold and commodities as these assets often rise when the equities market faces volatility. The potential for a new bull market in commodities seems to be gaining traction, making this an interesting time for investment in these sectors.