Market Breadth: Not All Bad News

Geoff Bysshe | August 22, 2020

Last week’s news was filled with stories about how the FANG stocks and particularly APPL were the main driving forces behind the new highs in the indexes and their ETFs (i.e. SPY and QQQ). The tone of this type of news is generally negative and dismissive toward the validity of the bull market. The same attitude is prevalent concerning the mega-cap tech names being the only reason the market is up. The argument then follows

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