The U.S. stock market has punched through to fresh record territory this week, with both the S&P 500 and the Dow Jones scaling new heights. The rally's backbone? Tech stocks stepping up hard, joined by strong showings from major retailers—Walmart leading the charge with solid fundamentals.

What's interesting is how the market's brushing past the noise around the Federal Reserve chair's investigation. Investors seem pretty unfazed, treating the headline as background chatter while keeping focus on what actually matters: earnings, growth trajectories, and the real economic picture playing out beneath the surface.

The breadth of this move is notable. It's not just mega-cap tech carrying water here—consumer staples and discretionary plays are in the mix too. That kind of broad participation in new highs tends to signal genuine market conviction rather than a narrow rally propped up by a handful of names.

For market observers tracking how traditional asset classes are behaving, this ceiling-break in equities offers a lens into current investor psychology. Risk appetite is clearly there, appetite for equities remains robust, and the macro tailwinds seem to be holding at least for now.