reports
- Dave Nicoski
- Ross LaDuke
Vital Signs: U.S. Equity Strategy Update
In today's report we examine the state of the U.S. equity market, and highlight recent changes that have may give rise to further short-term weakness. Key Points: • The S&P 500 is retesting its 200-day moving average, which would normally be viewed as a pullback to logical support. • However, the internals of the market have weakened recently, as breadth has deteriorated, based on the % of stocks above their respective 200-day moving average. • We believe the market is therefore sus...
- Thierry Huteau
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