More than 51% of S&P 500 stocks reportedly below their 200-day moving averages
Barchart said the September 23 reading marked the worst market breadth since early April.
TLDR
Barchart said on September 23, 2026, that more than 51% of S&P 500 stocks were trading below their 200-day moving averages—the worst market breadth since early April. In separate commentary that day, The Kobeissi Letter argued that the index would be above 9,000 without the headwinds it faced, crediting the strength of the “AI Revolution.”
More than 51% of S&P 500 stocks reportedly below their 200-day moving averages
Barchart said the September 23 reading marked the worst market breadth since early April.