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.
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