Breadth tells you more than price.
Look at how few stocks are actually making new highs within most sectors right now. Even when the index floats near highs, the underlying participation is thin. That's not strength—that's concentration risk.
Real bull markets lift most boats. This one is lifting a handful while the rest tread water. History says that doesn't last.
Look at how few stocks are actually making new highs within most sectors right now. Even when the index floats near highs, the underlying participation is thin. That's not strength—that's concentration risk.
Real bull markets lift most boats. This one is lifting a handful while the rest tread water. History says that doesn't last.