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Jul 05 2019

Breadth: Is It Different This Time?

  • Jul 5, 2019

The granddaddy of all technical indicators—the NYSE Daily Advance/Decline Line—continues to make new highs alongside the S&P 500, suggesting the market should move to even higher (but perhaps narrower) highs well into the fall. As noted a month ago, we increasingly suspect that granddaddy may be telling a lie.

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager