While the S&P 500 is trading at 52-week highs, the breadth of the market (percentage of stocks in uptrend) is under 50%, meaning 50% of stocks are in downtrend; this shows how concentrated the entire advance has been in the Mag Seven AI stocks and how important their continued rally is to keep the market going higher.
factualpending
Speaker
Patrick CeresnaEvidence Quote
“breadth of the market is under 50%...50% of stocks are actually in a downtrend...concentrated this entire advance has been in this AI story”
Source
MacroVoices #530 Daniel Lacalle: China and The Us Will Decide The Outcome of The Iran War— Macro VoicesCreated: 8/12/2026, 6:10:01 PM
My Notes
Loading notes...