All articles tagged with #breadth
Market commentator Helene Meisler argues Monday will reveal whether recent selling accelerates or the pullback is a temporary wobble. She cites deteriorating breadth, extreme sentiment readings, a jump in the VIX, and tech-sector divergences as signs of anxiety, but notes no definitive top yet—meaning a sharper selloff could signal a regime change while a pause might resemble a continuation of the earlier whack.
The S&P 500 closed at a record on the last trading day of May, but only about 20 index members hit new highs, most tied to AI. This narrow leadership echoes the dot-com bubble top in 2000, a pattern Bank of America’s Michael Hartnett says could signal a nearing top as breadth deteriorates. The May surge was driven by semiconductors and AI-related names (AMD up 46%, Micron 88%, Samsung 44%, SK Hynix 81%), while internals like advances–declines and the share of stocks above their 200-day moving average suggest fragility. Hartnett advises a post-bubble playbook of long bonds and defensives if the rally loses momentum.