Slippery Breadth?

Managing Partner at Tim Knight Organization • May 25, 2024 at 5:25 PM EDT

It seems that, in spite of the lifetime highs, the raw strength of the market is starting to wane, as the percentage of stocks above their 200-day moving averages illustrates.

Cutout paper illustration representing scheme and Stocks inscription

Image Source: Pexels

It seems that, in spite of the lifetime highs, the raw strength of the market is starting to wane, as this chart of the percentage of stocks above their 200-day moving averages illustrates.

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