Narrow leadership can keep the move alive, but it also makes it easier to break.
Narrow leadership can keep the move alive, but it also makes it easier to break.
Credit confirmation weakened the internal read by 16.5 pts versus the prior window.
No second drag stands out.
Regional confirmation improved the internal read by 52.7 pts versus the prior window.
Breadth is broadening beyond mega caps
Improved vs prior periodDefensives are taking the lead
Improved vs prior periodConfirmation remains patchy
Improved vs prior periodMeaning: Tracks whether performance is widening beyond the cap-weighted index.
Meaning: Tests whether smaller equities are confirming broader risk appetite.
Meaning: Measures whether cyclical sectors still lead the defensive complex.
Meaning: Checks whether lower-quality credit still backs the move.
Meaning: Tests whether international equities are confirming US leadership.
Source health: Yahoo: 11 ok