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What’s the Fundamental Problem with this Month’s Stock Market Rally?

October 29, 2015

In short, the breadth, or participation, is waning pretty dramatically.  Basically, the rally isn’t nearly as strong as it appears.  Let’s dive into some charts to illustrate what I mean by comparing the S&P 500 Index (Large Cap US stocks) to various sectors and asset classes.  The S&P 500 is the blue line in all…

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