Tuesday marked the end of a remarkable run of eight straight advances for the S&P 500 SPX, and to be honest, apart from Tesla TSLA, things weren’t actually that bad — 249 components rose versus 247 that fell.

So what’s driving investment behavior that has sent the S&P 500 up 25% this year? Is it fear of missing out? Yosef Bonaparte, the director of external affairs in finance and associate professor of finance at CU Denver Business School and a Janus Henderson Investors research associate, decided to quantify the term that…

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