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Market Breadth Concerns Amid S&P Near-Record Levels
ZeroHedge claims half of virtually every sector is in a bear market, down 20%, despite the S&P’s near-record level.
TLDR
On October 9, ZeroHedge said the S&P was just shy of all-time highs, supported by a handful of stocks. It claimed half of virtually every sector was in a bear market, down 20%, and described the weakness beneath the index as an accelerating “meltdown.”
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