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Aug 05 2023

Breadth Catch-Up!

  • Aug 5, 2023

The market broadened enough in July for the NYSE Daily A/D Line to “confirm” new SPX highs—a statistical positive: When the A/D Line made a concurrent 12-month high during July, the average return for August-December was +6.5% versus -1.1% when breadth didn’t confirm the index.


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager