Currently, ~35%, or ~175, of the S&P 500's components are in bear market territory, the most since May.
By comparison, this percentage oscillated around ~20% for the 12 months ending in November 2024.
As a result of narrowing breadth, the S&P 500's equal-weighted index relative to the S&P 500 has fallen to near its lowest level in 22 years.
This means the average #stock has significantly underperformed the market benchmark.
If market breadth can improve, fuel will be added to the fire.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Can non-tech #S&P 500 components catch up?
Currently, ~35%, or ~175, of the S&P 500's components are in bear market territory, the most since May.
By comparison, this percentage oscillated around ~20% for the 12 months ending in November 2024.
As a result of narrowing breadth, the S&P 500's equal-weighted index relative to the S&P 500 has fallen to near its lowest level in 22 years.
This means the average #stock has significantly underperformed the market benchmark.
If market breadth can improve, fuel will be added to the fire.