{"id":833,"date":"2026-05-07T03:04:48","date_gmt":"2026-05-07T03:04:48","guid":{"rendered":"https:\/\/inmyopinion.com.sg\/?p=833"},"modified":"2026-05-07T03:04:49","modified_gmt":"2026-05-07T03:04:49","slug":"us-market-breadth-is-the-rally-really-narrow","status":"publish","type":"post","link":"https:\/\/inmyopinion.com.sg\/?p=833","title":{"rendered":"US Market Breadth: Is The Rally Really Narrow?"},"content":{"rendered":"\n

According to this article<\/a>, the US stock market\u2019s rally to new highs has been propelled by so few stocks that it\u2019s reminding some on Wall Street of the run up to the dot-com bubble.<\/p>\n\n\n\n

I disagree.<\/p>\n\n\n\n

    \n
  1. Breadth Indicator \u2013 % of Stocks Above 200DMA
    ~59% of S&P 500 stocks are above their 200-day moving average. Moderate participation, not extreme weakness.<\/li>\n<\/ol>\n\n\n\n
    \"\"<\/figure>\n\n\n\n
      \n
    1. Cap-Weighted vs Equal-Weighted Performance
      S&P 500: New highs.
      Equal-weight S&P 500 (RSP): Recovered all the Iran losses.
      Participation exists despite some concentration.<\/li>\n<\/ol>\n\n\n\n
      \"\"<\/figure>\n\n\n\n
        \n
      1. Small Cap Participation
        Russell 2000 trading in tandem with S&P 500. Strong small-cap performance suggests broadening rally.<\/li>\n<\/ol>\n\n\n\n
        \"\"<\/figure>\n\n\n\n

        High yield bonds
        JNK is trading at new highs, credit market is joining in the rally. <\/p>\n\n\n\n

        \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

        According to this article, the US stock market\u2019s rally to new highs has been propelled by so few stocks that it\u2019s reminding some on Wall Street of the run up to the dot-com bubble. I disagree. High yield bonds JNK is trading at new highs, credit market is joining in the rally.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-833","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nUS Market Breadth: Is The Rally Really Narrow? -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inmyopinion.com.sg\/?p=833\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Market Breadth: Is The Rally Really Narrow? -\" \/>\n<meta property=\"og:description\" content=\"According to this article, the US stock market\u2019s rally to new highs has been propelled by so few stocks that it\u2019s reminding some on Wall Street of the run up to the dot-com bubble. 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