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Cory’s Chart Corner
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Maybe it is different, but the decline in breadth is playing out as it did during the Tech-wreck why, because humans are involved. Same ol'e crazy!
h/t @MauiBoyMacro
“.. equity market breadth has narrowed in recent weeks to one of its lowest levels on record. The S&P 500 has rallied by 14% from its low in late March and now trades at a new record high. However, the median S&P 500 constituent remains 13% below its respective high.” 👇🏼
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Monthly Archives: May 2012
Worried Bank of Australia cuts rates 50bps, most since 2001 and 2009
Australia has domestic challenges like Canada with an obscenely valued housing market, over-indebted consumers and a strong dollar pushing down on weakening exports. For these reasons slowing global growth presents serious downside risks for the Australian economy. Fortunately, they had … Continue reading
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