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Jun 07 2024

Technicals: A Little More Fractured

  • Jun 7, 2024

The stock market picture at the June 5th SPX high was not as cohesive as that of late March. Just two of our eight bellwethers—Dow Jones Transports and Dow Jones Utilities—had failed to confirm the new market high at the end of March. At the high on June 5th, however, the list of laggards expanded to include the Russell 2000, S&P 500 Cyclical Sector Composite, and the S&P 500 Equal Weighted Index.


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager