Another way to look at this is: Wall Street returns to June 30th levels, which were record highs, and which marked a tremendous rebound from the Feb-April 2020

Another way to look at this is: Wall Street returns to June 30th levels, which were record highs, and which marked a tremendous rebound from the Feb-April 2020 decline due to the pandemic. Those levels, while erasing some gains from the past couple of months, are still higher than the 10-year trend line of a remarkably long-lasting bull market.