The recent up move in the market has come on waning market momentum and declining market breadth. Also the very narrow leadership shown by the FANG stocks is now developing cracks. With valuations still in the stratosphere and tightening by the FED still not priced in, these divergences are worth considering. Here are these and other stories from some of the best asset managers, market commentators, financial analysts and CMT's of today:
Some Developing Market Divergences
S&P 500 Yearly and Quarterly Levels
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At the end of the first week of 2024 the S&P 500 breached the Yearly Mid
(R)esistence Level 1 (YMR1) at 4,781 to the upside. In March the S&P 500
consolida...
14 minutes ago