Friday, October 11, 2019

Stock Market: Lack Of Breadth

Today, if you look at the S&P 500 Index, for instance, in the United States, I think there are only 40 or 45 stocks that are above their 50-day moving averages, to use a technician's kind of talk. Everything else is in a downtrend. And yet the market is making all-time highs. Definitely a lack of breadth.

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