Market internals (percentage of stocks above moving averages, bullish percent, stocks trading above trend lines) have deteriorated significantly from the blistering rally of fall 2023, showing narrow participation in market highs and deteriorating breadth despite S&P 500 making new highs, which is traditionally concerning for market that looks heavy under valuation weight.
factualpending
Speaker
John LaraEvidence Quote
“there are fewer stocks participating things like percentage of stocks uh above certain moving averages we look at various moving average timelines uh things like bullish percent things like um uh you know percent of stocks trading above trend lines these are all uh more or less turning over or have turned over in in a more defensive negative way”
Source
What If A Coming Recession & Bear Market Are The LEAST Of Our Worries? | John Rubino— Adam Taggart | Thoughtful Money®Created: 8/10/2026, 11:15:06 PM
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