Market Watch (September 23)
2026/ 09/ 23 by jd in Global News
“The S&P 500’s latest trip back to near-record territory has been powered by a surprisingly small number of stocks.” On Tuesday, “the S&P 500 was only 0.44% shy of a record closing high, and yet 52% of individual member stocks were trading below their long-term 200-day moving averages.” With index gains primarily powered by tech stocks, the obvious “breadth” problem creates concern. “The last time there were that many S&P 500 components below their 200-day moving averages with the index within 1% of its record high was indeed March 27, 2000 — right around the dot-com bubble peak.”
