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.
Another day goes by and another bank that doesn't matter disappears.
This is a big deal.
In theory, investors should care about a handful of these regional banks no longer in existence.
But they don't.
In theory, there should be systemic implications to all of this, and the selling in little regional banks should spill into other, more important, parts of the market.
But it hasn't.
In theory, the inverted yield curve should precede a recession and all the money printing should ultimately cause a collapse.