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Market breadth weakest since 2009 - AI powering market
This relates to equal weight index - market cap weighted stocks powering market
Not sure how they come up with this claim. Most major ETF`s outside of tech hovering at 52 wk highs ....XLF XLV XRT XHB IYT probably many more
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SPX Breadth (Bloomberg)
Posted by steve on 26th of Feb 2024 at 06:32 pm
Market breadth weakest since 2009 - AI powering market
This relates to equal weight index - market cap weighted stocks powering market
Not sure how they come
Posted by arun on 27th of Feb 2024 at 06:42 am
Not sure how they come up with this claim. Most major ETF`s outside of tech hovering at 52 wk highs ....XLF XLV XRT XHB IYT probably many more