Breadth Steadily Improves – Yield Spreads Remain Narrow – 10yr Yield Breaks Out
The weight of the evidence remains bullish for stocks. All three breadth models are net bullish and yield spreads remain narrow (no stress in the credit markets. Breadth improved over the last few months as the percentage of stocks above their 200-day SMAs steadily increased. New highs also expanded over the last
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