This morning's Empire Report notwithstanding, (the weakest since June 2011 per Bespoke), while the market sentiment has firmly tilted to the bearish camp, "market breadth" is one reason to remain firmly rooted in the bullish camp.
Here are two graphs from "The Bespoke Report" over the weekend:
and the next page:
The green highlighted line represents the quarter of strong breadth with the blue line the quarter(s) that follow, and the strong breadth reading usually portends favorably for the next year, as the first table indicates.
Q2 Earnings, Stress Tests, and Bitcoin $9000
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