⚠️Market is EXTREMELY weak beneath the surface: Just 15% of S&P 500 industry groups are currently trading above their 10-week averages, meaning 85% are below them. This marks a dramatic deterioration from ~81% a few weeks ago. Historically, weakening breadth tends to signal further market weakness, as fewer industry groups participate in the market’s advance. Market breadth is collapsing, suggesting a pullback ahead.
Global Markets InvestorShare
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