Australia has been invaded. And the invader is sure to come back with greater force
The invader did a lot of damage, similar to previous invasions over the past couple of decades.
The invader took people's homes, damaged the power grid, wrecked roads and bridges, and destroyed crops. All the things that invaders do.
And the invader will come again and again in greater force, destroying lives and property.
The invader, of course, is the more violent weather caused by climate change. The same invader that killed at least 78 in Texas in the last week.
This is the biggest national-security threat facing most countries.
This is the national-security threat that the nations of the earth should be spending 3.5 or even 5 per cent of GDP to address.
It provides the answer Australia should give to the preposterous US demand that we spend more on "defence" - a demand that really means wasting more money buying American weapons and adding to the $500 million already handed over to the Americans to bolster their shipyards to build submarines we will never get.
And what rent is the US paying on Pine Gap, the North-West Cape and the Darwin base, if anything? When are we going to question whether it is worth remaining such a close ally of the US?
What is the point of NATO increasing "defence" spending if NATO cannot use its undoubted force and ability to push the Russians out of Ukraine and arrest Putin to be tried for war crimes for which there is copious evidence?
The passing last week of the One Big Beautiful Bill reinforces the fact that the US no longer shares with us common values. The bill slashes food, medical, and educational help from people who desperately need it to give money to the already wealthy who do not - in a way that runs counter to the Australian fair go. Just as the slashing of USAID is contrary to Australia values because it has killed innocent children.
Maybe we could ignore that. But, more profoundly, in the medium to long term, the bill will likely damage the US and its position in the world so much economically that many American allies will question whether any alliance with them is worth continuing.
It is a tragic irony that President Donald Trump whose political success has relied on the slogan "Make America Great Again" has with this bill and earlier actions attacked the two most important contributors to America's historic greatness: the rule of law and technological superiority.
The rule of law provides the basis for economic strength.
First, personal freedom (from arbitrary arrest and attack from government) nourishes individual economic activity.
Secondly, the certainty that contracts will be impartially enforced; civil wrongs will be impartially addressed; and property rights respected underpins business confidence.
Without the rule of law, the risks cause investors to shy away.
Trump has undermined the world trading system and eroded the rule of law - bedrock Australian values - in America. Worse, the Supreme Court and the Congress have supinely allowed the erosion to go unchecked.
Indeed, they have added to it. This is now not just a rogue President, but a nation that is losing any claim to holding the moral high ground.
The second, more corrosive, effect on American greatness comes with the Big Beautiful Bill's attack on American technological progress.
First, the bill makes it harder for Americans to get a college education by slashing student-loan funding and direct funding to universities. This is slashing the arteries of American industrial and technological superiority.
Worse, the Bill removes tax incentives for electric vehicles and renewable electrification generally and provides more tax incentives for fossil vehicles and fossil industries generally.
In short, it hands to China on an electrolysis plate, all of the wealth and technological advantage of the energy revolution. China already manufactures 80 per cent of the world's solar panels, 75 per cent of its batteries and 70 per cent of its EVs. The US is not even trying to catch up.
Developing nations are not going to waste their money and time transitioning through coal and gas as demand for electrical power rises. They will go straight to the Chinese renewable industry because the US has vacated the field.
READ MORE CRISPIN HULL:
It also hands to China the massive industry of making devices more electrically efficient: think LED light globes, induction stoves and the like.
Trump's mad, ideological obsession against renewable energy has driven him to a position where his other obsession - the rise of China - is lost.
Hawks may well support an alliance with an immoral but strong nation, but surely they are misguided to so closely attach itself to a nation that sabotages its own economic and industrial strength?
Trump has also squandered America's intelligence advantage, by surrounding himself with sycophants. Intelligence that tells a leader what he wants to hear is no intelligence at all. Who can forget the imagery of the sycophants who verbally told Putin that they agreed to his Ukraine invasion while their body language said it was mad.
US intelligence officials concocted evidence to say the illegal bombing of Iran neutralised the threat, when all it did was make Iran more determined.
And speaking of China and the rule of law, if the Chinese Communist Party wants to resume the civil war that ended in 1949, Australia should not get involved, even if the US does. We have wasted too much blood and treasure following the US into mad, bad and illegal wars: Vietnam, Afghanistan, and Iraq. None of them achieved anything but death and destruction and more violence.
Taiwan is not a member of the UN. It does not even profess itself to be an independent nation. Yes, 20 million plus people are enjoying democratic rights which is terrific. But we should no more go to war with China to defend those rights than go to any of a score of African countries to do the same thing.
Where is the end game in all this sabre rattling? It is like the lead-up to World War I. It will all be over by Christmas, they said, with more than four years of futile carnage before them.
And when will American jurists, legislators, and American people generally realise they are being led by an ignorant fool of an emperor who has no clothes?
Australia was invaded last week.
The invader did a lot of damage, similar to previous invasions over the past couple of decades.
The invader took people's homes, damaged the power grid, wrecked roads and bridges, and destroyed crops. All the things that invaders do.
And the invader will come again and again in greater force, destroying lives and property.
The invader, of course, is the more violent weather caused by climate change. The same invader that killed at least 78 in Texas in the last week.
This is the biggest national-security threat facing most countries.
This is the national-security threat that the nations of the earth should be spending 3.5 or even 5 per cent of GDP to address.
It provides the answer Australia should give to the preposterous US demand that we spend more on "defence" - a demand that really means wasting more money buying American weapons and adding to the $500 million already handed over to the Americans to bolster their shipyards to build submarines we will never get.
And what rent is the US paying on Pine Gap, the North-West Cape and the Darwin base, if anything? When are we going to question whether it is worth remaining such a close ally of the US?
What is the point of NATO increasing "defence" spending if NATO cannot use its undoubted force and ability to push the Russians out of Ukraine and arrest Putin to be tried for war crimes for which there is copious evidence?
The passing last week of the One Big Beautiful Bill reinforces the fact that the US no longer shares with us common values. The bill slashes food, medical, and educational help from people who desperately need it to give money to the already wealthy who do not - in a way that runs counter to the Australian fair go. Just as the slashing of USAID is contrary to Australia values because it has killed innocent children.
Maybe we could ignore that. But, more profoundly, in the medium to long term, the bill will likely damage the US and its position in the world so much economically that many American allies will question whether any alliance with them is worth continuing.
It is a tragic irony that President Donald Trump whose political success has relied on the slogan "Make America Great Again" has with this bill and earlier actions attacked the two most important contributors to America's historic greatness: the rule of law and technological superiority.
The rule of law provides the basis for economic strength.
First, personal freedom (from arbitrary arrest and attack from government) nourishes individual economic activity.
Secondly, the certainty that contracts will be impartially enforced; civil wrongs will be impartially addressed; and property rights respected underpins business confidence.
Without the rule of law, the risks cause investors to shy away.
Trump has undermined the world trading system and eroded the rule of law - bedrock Australian values - in America. Worse, the Supreme Court and the Congress have supinely allowed the erosion to go unchecked.
Indeed, they have added to it. This is now not just a rogue President, but a nation that is losing any claim to holding the moral high ground.
The second, more corrosive, effect on American greatness comes with the Big Beautiful Bill's attack on American technological progress.
First, the bill makes it harder for Americans to get a college education by slashing student-loan funding and direct funding to universities. This is slashing the arteries of American industrial and technological superiority.
Worse, the Bill removes tax incentives for electric vehicles and renewable electrification generally and provides more tax incentives for fossil vehicles and fossil industries generally.
In short, it hands to China on an electrolysis plate, all of the wealth and technological advantage of the energy revolution. China already manufactures 80 per cent of the world's solar panels, 75 per cent of its batteries and 70 per cent of its EVs. The US is not even trying to catch up.
Developing nations are not going to waste their money and time transitioning through coal and gas as demand for electrical power rises. They will go straight to the Chinese renewable industry because the US has vacated the field.
READ MORE CRISPIN HULL:
It also hands to China the massive industry of making devices more electrically efficient: think LED light globes, induction stoves and the like.
Trump's mad, ideological obsession against renewable energy has driven him to a position where his other obsession - the rise of China - is lost.
Hawks may well support an alliance with an immoral but strong nation, but surely they are misguided to so closely attach itself to a nation that sabotages its own economic and industrial strength?
Trump has also squandered America's intelligence advantage, by surrounding himself with sycophants. Intelligence that tells a leader what he wants to hear is no intelligence at all. Who can forget the imagery of the sycophants who verbally told Putin that they agreed to his Ukraine invasion while their body language said it was mad.
US intelligence officials concocted evidence to say the illegal bombing of Iran neutralised the threat, when all it did was make Iran more determined.
And speaking of China and the rule of law, if the Chinese Communist Party wants to resume the civil war that ended in 1949, Australia should not get involved, even if the US does. We have wasted too much blood and treasure following the US into mad, bad and illegal wars: Vietnam, Afghanistan, and Iraq. None of them achieved anything but death and destruction and more violence.
Taiwan is not a member of the UN. It does not even profess itself to be an independent nation. Yes, 20 million plus people are enjoying democratic rights which is terrific. But we should no more go to war with China to defend those rights than go to any of a score of African countries to do the same thing.
Where is the end game in all this sabre rattling? It is like the lead-up to World War I. It will all be over by Christmas, they said, with more than four years of futile carnage before them.
And when will American jurists, legislators, and American people generally realise they are being led by an ignorant fool of an emperor who has no clothes?
Australia was invaded last week.
The invader did a lot of damage, similar to previous invasions over the past couple of decades.
The invader took people's homes, damaged the power grid, wrecked roads and bridges, and destroyed crops. All the things that invaders do.
And the invader will come again and again in greater force, destroying lives and property.
The invader, of course, is the more violent weather caused by climate change. The same invader that killed at least 78 in Texas in the last week.
This is the biggest national-security threat facing most countries.
This is the national-security threat that the nations of the earth should be spending 3.5 or even 5 per cent of GDP to address.
It provides the answer Australia should give to the preposterous US demand that we spend more on "defence" - a demand that really means wasting more money buying American weapons and adding to the $500 million already handed over to the Americans to bolster their shipyards to build submarines we will never get.
And what rent is the US paying on Pine Gap, the North-West Cape and the Darwin base, if anything? When are we going to question whether it is worth remaining such a close ally of the US?
What is the point of NATO increasing "defence" spending if NATO cannot use its undoubted force and ability to push the Russians out of Ukraine and arrest Putin to be tried for war crimes for which there is copious evidence?
The passing last week of the One Big Beautiful Bill reinforces the fact that the US no longer shares with us common values. The bill slashes food, medical, and educational help from people who desperately need it to give money to the already wealthy who do not - in a way that runs counter to the Australian fair go. Just as the slashing of USAID is contrary to Australia values because it has killed innocent children.
Maybe we could ignore that. But, more profoundly, in the medium to long term, the bill will likely damage the US and its position in the world so much economically that many American allies will question whether any alliance with them is worth continuing.
It is a tragic irony that President Donald Trump whose political success has relied on the slogan "Make America Great Again" has with this bill and earlier actions attacked the two most important contributors to America's historic greatness: the rule of law and technological superiority.
The rule of law provides the basis for economic strength.
First, personal freedom (from arbitrary arrest and attack from government) nourishes individual economic activity.
Secondly, the certainty that contracts will be impartially enforced; civil wrongs will be impartially addressed; and property rights respected underpins business confidence.
Without the rule of law, the risks cause investors to shy away.
Trump has undermined the world trading system and eroded the rule of law - bedrock Australian values - in America. Worse, the Supreme Court and the Congress have supinely allowed the erosion to go unchecked.
Indeed, they have added to it. This is now not just a rogue President, but a nation that is losing any claim to holding the moral high ground.
The second, more corrosive, effect on American greatness comes with the Big Beautiful Bill's attack on American technological progress.
First, the bill makes it harder for Americans to get a college education by slashing student-loan funding and direct funding to universities. This is slashing the arteries of American industrial and technological superiority.
Worse, the Bill removes tax incentives for electric vehicles and renewable electrification generally and provides more tax incentives for fossil vehicles and fossil industries generally.
In short, it hands to China on an electrolysis plate, all of the wealth and technological advantage of the energy revolution. China already manufactures 80 per cent of the world's solar panels, 75 per cent of its batteries and 70 per cent of its EVs. The US is not even trying to catch up.
Developing nations are not going to waste their money and time transitioning through coal and gas as demand for electrical power rises. They will go straight to the Chinese renewable industry because the US has vacated the field.
READ MORE CRISPIN HULL:
It also hands to China the massive industry of making devices more electrically efficient: think LED light globes, induction stoves and the like.
Trump's mad, ideological obsession against renewable energy has driven him to a position where his other obsession - the rise of China - is lost.
Hawks may well support an alliance with an immoral but strong nation, but surely they are misguided to so closely attach itself to a nation that sabotages its own economic and industrial strength?
Trump has also squandered America's intelligence advantage, by surrounding himself with sycophants. Intelligence that tells a leader what he wants to hear is no intelligence at all. Who can forget the imagery of the sycophants who verbally told Putin that they agreed to his Ukraine invasion while their body language said it was mad.
US intelligence officials concocted evidence to say the illegal bombing of Iran neutralised the threat, when all it did was make Iran more determined.
And speaking of China and the rule of law, if the Chinese Communist Party wants to resume the civil war that ended in 1949, Australia should not get involved, even if the US does. We have wasted too much blood and treasure following the US into mad, bad and illegal wars: Vietnam, Afghanistan, and Iraq. None of them achieved anything but death and destruction and more violence.
Taiwan is not a member of the UN. It does not even profess itself to be an independent nation. Yes, 20 million plus people are enjoying democratic rights which is terrific. But we should no more go to war with China to defend those rights than go to any of a score of African countries to do the same thing.
Where is the end game in all this sabre rattling? It is like the lead-up to World War I. It will all be over by Christmas, they said, with more than four years of futile carnage before them.
And when will American jurists, legislators, and American people generally realise they are being led by an ignorant fool of an emperor who has no clothes?
Australia was invaded last week.
The invader did a lot of damage, similar to previous invasions over the past couple of decades.
The invader took people's homes, damaged the power grid, wrecked roads and bridges, and destroyed crops. All the things that invaders do.
And the invader will come again and again in greater force, destroying lives and property.
The invader, of course, is the more violent weather caused by climate change. The same invader that killed at least 78 in Texas in the last week.
This is the biggest national-security threat facing most countries.
This is the national-security threat that the nations of the earth should be spending 3.5 or even 5 per cent of GDP to address.
It provides the answer Australia should give to the preposterous US demand that we spend more on "defence" - a demand that really means wasting more money buying American weapons and adding to the $500 million already handed over to the Americans to bolster their shipyards to build submarines we will never get.
And what rent is the US paying on Pine Gap, the North-West Cape and the Darwin base, if anything? When are we going to question whether it is worth remaining such a close ally of the US?
What is the point of NATO increasing "defence" spending if NATO cannot use its undoubted force and ability to push the Russians out of Ukraine and arrest Putin to be tried for war crimes for which there is copious evidence?
The passing last week of the One Big Beautiful Bill reinforces the fact that the US no longer shares with us common values. The bill slashes food, medical, and educational help from people who desperately need it to give money to the already wealthy who do not - in a way that runs counter to the Australian fair go. Just as the slashing of USAID is contrary to Australia values because it has killed innocent children.
Maybe we could ignore that. But, more profoundly, in the medium to long term, the bill will likely damage the US and its position in the world so much economically that many American allies will question whether any alliance with them is worth continuing.
It is a tragic irony that President Donald Trump whose political success has relied on the slogan "Make America Great Again" has with this bill and earlier actions attacked the two most important contributors to America's historic greatness: the rule of law and technological superiority.
The rule of law provides the basis for economic strength.
First, personal freedom (from arbitrary arrest and attack from government) nourishes individual economic activity.
Secondly, the certainty that contracts will be impartially enforced; civil wrongs will be impartially addressed; and property rights respected underpins business confidence.
Without the rule of law, the risks cause investors to shy away.
Trump has undermined the world trading system and eroded the rule of law - bedrock Australian values - in America. Worse, the Supreme Court and the Congress have supinely allowed the erosion to go unchecked.
Indeed, they have added to it. This is now not just a rogue President, but a nation that is losing any claim to holding the moral high ground.
The second, more corrosive, effect on American greatness comes with the Big Beautiful Bill's attack on American technological progress.
First, the bill makes it harder for Americans to get a college education by slashing student-loan funding and direct funding to universities. This is slashing the arteries of American industrial and technological superiority.
Worse, the Bill removes tax incentives for electric vehicles and renewable electrification generally and provides more tax incentives for fossil vehicles and fossil industries generally.
In short, it hands to China on an electrolysis plate, all of the wealth and technological advantage of the energy revolution. China already manufactures 80 per cent of the world's solar panels, 75 per cent of its batteries and 70 per cent of its EVs. The US is not even trying to catch up.
Developing nations are not going to waste their money and time transitioning through coal and gas as demand for electrical power rises. They will go straight to the Chinese renewable industry because the US has vacated the field.
READ MORE CRISPIN HULL:
It also hands to China the massive industry of making devices more electrically efficient: think LED light globes, induction stoves and the like.
Trump's mad, ideological obsession against renewable energy has driven him to a position where his other obsession - the rise of China - is lost.
Hawks may well support an alliance with an immoral but strong nation, but surely they are misguided to so closely attach itself to a nation that sabotages its own economic and industrial strength?
Trump has also squandered America's intelligence advantage, by surrounding himself with sycophants. Intelligence that tells a leader what he wants to hear is no intelligence at all. Who can forget the imagery of the sycophants who verbally told Putin that they agreed to his Ukraine invasion while their body language said it was mad.
US intelligence officials concocted evidence to say the illegal bombing of Iran neutralised the threat, when all it did was make Iran more determined.
And speaking of China and the rule of law, if the Chinese Communist Party wants to resume the civil war that ended in 1949, Australia should not get involved, even if the US does. We have wasted too much blood and treasure following the US into mad, bad and illegal wars: Vietnam, Afghanistan, and Iraq. None of them achieved anything but death and destruction and more violence.
Taiwan is not a member of the UN. It does not even profess itself to be an independent nation. Yes, 20 million plus people are enjoying democratic rights which is terrific. But we should no more go to war with China to defend those rights than go to any of a score of African countries to do the same thing.
Where is the end game in all this sabre rattling? It is like the lead-up to World War I. It will all be over by Christmas, they said, with more than four years of futile carnage before them.
And when will American jurists, legislators, and American people generally realise they are being led by an ignorant fool of an emperor who has no clothes?
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The Dow was about 1.0 per cent away from an all-time high. Solid jobs data also backed the Federal Reserve's cautious stance on future interest rate cuts. Traders have fully priced out a July rate cut, with September odds at 64.4 per cent, according to CME Group's FedWatch tool. Trump's inflation-causing tariff policies have further complicated the Fed's path to lower rates. As a result, minutes of its June meeting, scheduled for release on Wednesday, should offer more clues on the monetary policy outlook. Attention is also on a sweeping tax-cut and spending bill, passed by House Republicans after markets closed on Thursday, that is set to swell the national deficit by over $US3 ($A4.6) trillion in the next decade. Declining issues outnumbered advancers by a 2.1-to-1 ratio on the NYSE, and by a 1.86-to-1 ratio on the Nasdaq. The S&P 500 posted 21 new 52-week highs and three new lows, while the Nasdaq Composite recorded 69 new highs and 32 new lows. Wall Street's major indexes have slipped as heightened tariff tensions dampened risk sentiment, while Tesla shares slid after boss Elon Musk announced plans to launch a political party. Treasury Secretary Scott Bessent said the US will make several trade announcements in the next 48 hours, ahead of a deadline on Wednesday to finalise trade pacts. President Donald Trump said on Sunday that the country was closer to inking several trade pacts and would notify other countries of higher tariff rates by July 9. He added that those duties are set to take effect on August 1. In April, Trump unveiled a base tariff rate of 10 per cent on most countries and additional duties ranging up to 50 per cent, subsequently pushing the Nasdaq into a bear market. Although he later delayed the effective date for all but 10 per cent until July 9. The new date offers countries a three-week window for further negotiations. Trump also threatened an extra 10 per cent tariff on countries aligning themselves with the "Anti-American policies" of the BRICS group of Brazil, Russia, India, China and South Africa. In early trading on Monday, the Dow Jones Industrial Average fell 207.65 points, or 0.46 per cent, to 44,620.88, the S&P 500 lost 27.38 points, or 0.44 per cent, to 6,251.97 and the Nasdaq Composite lost 115.56 points, or 0.56 per cent, to 20,485.13. Nine of the eleven major S&P sectors were trading in the red, with consumer discretionary falling the most by 1.0 per cent. Electric vehicle maker Tesla dropped 6.8 per cent, on track for its worst day in over a month, after Musk announced the formation of a political party named the American Party, marking a new escalation in his feud with Trump. "Tesla investors are starting to vote their displeasure with him getting back into politics. The potential for him to start his own American party is just the exact opposite of what Tesla investors want," said Art Hogan, chief market strategist at B Riley Wealth. Shares of WNS jumped 14.2 per cent after the French IT services firm Capgemini agreed to buy the outsourcing firm for $US3.3 billion ($A5.1 billion) in cash. Monday's pullback also comes after the S&P 500 and the Nasdaq closed at record highs on Thursday following a surprisingly strong jobs report that pointed to resilience in the labour market. The Dow was about 1.0 per cent away from an all-time high. Solid jobs data also backed the Federal Reserve's cautious stance on future interest rate cuts. Traders have fully priced out a July rate cut, with September odds at 64.4 per cent, according to CME Group's FedWatch tool. Trump's inflation-causing tariff policies have further complicated the Fed's path to lower rates. As a result, minutes of its June meeting, scheduled for release on Wednesday, should offer more clues on the monetary policy outlook. Attention is also on a sweeping tax-cut and spending bill, passed by House Republicans after markets closed on Thursday, that is set to swell the national deficit by over $US3 ($A4.6) trillion in the next decade. Declining issues outnumbered advancers by a 2.1-to-1 ratio on the NYSE, and by a 1.86-to-1 ratio on the Nasdaq. The S&P 500 posted 21 new 52-week highs and three new lows, while the Nasdaq Composite recorded 69 new highs and 32 new lows. Wall Street's major indexes have slipped as heightened tariff tensions dampened risk sentiment, while Tesla shares slid after boss Elon Musk announced plans to launch a political party. Treasury Secretary Scott Bessent said the US will make several trade announcements in the next 48 hours, ahead of a deadline on Wednesday to finalise trade pacts. President Donald Trump said on Sunday that the country was closer to inking several trade pacts and would notify other countries of higher tariff rates by July 9. He added that those duties are set to take effect on August 1. In April, Trump unveiled a base tariff rate of 10 per cent on most countries and additional duties ranging up to 50 per cent, subsequently pushing the Nasdaq into a bear market. Although he later delayed the effective date for all but 10 per cent until July 9. The new date offers countries a three-week window for further negotiations. Trump also threatened an extra 10 per cent tariff on countries aligning themselves with the "Anti-American policies" of the BRICS group of Brazil, Russia, India, China and South Africa. In early trading on Monday, the Dow Jones Industrial Average fell 207.65 points, or 0.46 per cent, to 44,620.88, the S&P 500 lost 27.38 points, or 0.44 per cent, to 6,251.97 and the Nasdaq Composite lost 115.56 points, or 0.56 per cent, to 20,485.13. Nine of the eleven major S&P sectors were trading in the red, with consumer discretionary falling the most by 1.0 per cent. Electric vehicle maker Tesla dropped 6.8 per cent, on track for its worst day in over a month, after Musk announced the formation of a political party named the American Party, marking a new escalation in his feud with Trump. "Tesla investors are starting to vote their displeasure with him getting back into politics. The potential for him to start his own American party is just the exact opposite of what Tesla investors want," said Art Hogan, chief market strategist at B Riley Wealth. Shares of WNS jumped 14.2 per cent after the French IT services firm Capgemini agreed to buy the outsourcing firm for $US3.3 billion ($A5.1 billion) in cash. Monday's pullback also comes after the S&P 500 and the Nasdaq closed at record highs on Thursday following a surprisingly strong jobs report that pointed to resilience in the labour market. The Dow was about 1.0 per cent away from an all-time high. Solid jobs data also backed the Federal Reserve's cautious stance on future interest rate cuts. Traders have fully priced out a July rate cut, with September odds at 64.4 per cent, according to CME Group's FedWatch tool. Trump's inflation-causing tariff policies have further complicated the Fed's path to lower rates. As a result, minutes of its June meeting, scheduled for release on Wednesday, should offer more clues on the monetary policy outlook. Attention is also on a sweeping tax-cut and spending bill, passed by House Republicans after markets closed on Thursday, that is set to swell the national deficit by over $US3 ($A4.6) trillion in the next decade. Declining issues outnumbered advancers by a 2.1-to-1 ratio on the NYSE, and by a 1.86-to-1 ratio on the Nasdaq. The S&P 500 posted 21 new 52-week highs and three new lows, while the Nasdaq Composite recorded 69 new highs and 32 new lows.
