U.S. Market Breadth At the dotcom bubble peak, the percentage of stocks outperforming the S&P 500 was 27% vs. 42% today (the historical average is 48%). Currently, the relative market breadth isn’t as extreme as it was in 2000. Image: Fidelity Investments
U.S. Stock Market Breadth The US stock market breadth is improving and continues to drive stocks higher. Image: Fidelity Investments
S&P 500 Earnings Revisions Breadth and S&P 500 YoY Performance Morgan Stanley points out that S&P performance doesn’t match revisions. Image: Morgan Stanley Research
U.S. Unemployment Breadth and S&P 500 Year-over-year, the U.S. unemployment rate is rising in 30% of U.S. states, up from 18% in December 2018. Image: Pictet Asset Management
S&P 500 with >100 52-Week Highs and >300 10-Day Highs on the Same Day On July 16, 2024, the strong breadth of over 100 S&P 500 stocks hitting 52-week highs and 300 reaching 10-day highs, usually results in S&P 500 higher prices over the next 12 months, with an average gain of 13% since 1980.…
S&P 500 and Percent of S&P 500 Members Above Their 200-Day Moving Average The expansion of market breadth in the U.S. stock market indicates a broader participation of stocks in the market movement, suggesting potential for further upside. Image: Morgan Stanley Research
Nasdaq Composite Index vs. Nasdaq Composite Cumulative Advance/Decline The Nasdaq Composite’s breadth is not great. Image: Morgan Stanley Research
S&P 500 and Percent of World Markets Above their 50-Day Moving Average Historically, oversold conditions in a breadth thrust regime tend to be bullish for U.S. stocks. Image: All Star Charts
S&P 500 and % of Stocks at 20-Day High Breadth thrusts can suggest the start of a potential new bull market. Image: Strategas Research Partners
NYSE Stocks Advance-Decline Line Market breadth has declined sharply throughout 2022. Image: BofA Global Research