You’re hearing a lot these days about weakening market breadth.
But if you’ve noticed, those lies are only coming from journalists and other types of people with no formal training or experience in technical analysis.
That’s like me pretending to be an expert in chess because I watched some people playing this one time in Washington Square Park.
If you think that the Equally-weighted S&P500 underperforming is evidence of deteriorating market breadth, you fall into this category of the misinformed and confused.
It’s not a market breadth thing. It’s simply a sector rotation thing. [Read more…]