The S&P 500 is less than 1% away from its previous high, but in September, 8 sectors have already fallen, with the equal-weight index down about 4%.
This suggests the index is still being supported by a handful of large companies, and the market’s internal strength isn’t as robust as it may appear on the surface.
Next week, I’ll first see whether the upward momentum can spread again.
A new all-time high is just a result—only when most stocks rise together does the trend look healthier.$SPYB
This suggests the index is still being supported by a handful of large companies, and the market’s internal strength isn’t as robust as it may appear on the surface.
Next week, I’ll first see whether the upward momentum can spread again.
A new all-time high is just a result—only when most stocks rise together does the trend look healthier.$SPYB
