Last year they would complain that the biggest growth stocks were not participating in the stock market rally.
This year they’re complaining that the biggest growth stocks are participating too much in the stock market rally.
It’s quite obvious that people just like to complain.
We’ve already addressed the fact that this is perfectly normal, healthy sector rotation, and NOT a weakening breadth issue.
Periods of concentrated leadership do not necessarily mean widespread distribution.
Besides, it hasn’t just been 5 stocks that have been going up. Or 7 stocks, or even 10.
A lot of stocks, in both the U.S. and around the world, have already been going up for some time.
In fact, the All Country World Index just went out at new 52-week highs:
What weakening breadth?
It’s quite the opposite by my count.
We’ve seen breadth expansion. We’ve seen more and more participation. We’re consistently seeing sector rotation, which is the lifeblood of a bull market.
What’s the problem?
I guess I’m just not understanding what everyone is so bearish about.
The world has never been a better place. And stocks are acting accordingly.
So what are we doing about it this summer?
We’ll be discussing all of it Monday night during our LIVE Monthly Charts Strategy Session.
Premium Members make sure to Register Here if you haven’t already.