
Market Regime – SPX Breadth Turns Bullish – Yield Spreads Remain Narrow
S&P 500 breadth improved and turned majority bullish this week. This means the evidence for the S&P 500 and Nasdaq 100 is majority bullish. The evidence for the S&P 1500, which includes mid and small caps, remains majority bearish. However, S&P 1500 breadth continues to improve as the stock market advance broadens. Even though small and mid caps are dragging their feet