Saturday, October 18, 2025

A Fragile Bull

While I am intermediate-term bullish on stocks, I am also increasingly concerned about the narrowness of market leadership. Market leadership continues to be concentrated in the Magnificent Seven, as the equal-weighted S&P 500, which represents the average stock, lags the index. 


Here is what this means from top-down macro and a chartist’s viewpoints.

The full post can be found here.

No comments: