The stock market is acting weird.
The S&P 500 seems to make an all-time high every day. That’s the good news. The potentially bad news is that fewer and fewer stocks are leading the charge.
Here’s the data.
The S&P 500 seems to make an all-time high every day. That’s the good news. The potentially bad news is that fewer and fewer stocks are leading the charge.
Here’s the data.
There have been 321 new all-time highs since 2007.
75.6% of S&P 500 stocks were above their respective 50-day moving average on those days.
Since the early 2000s, there has never been a day where t…
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