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Nov 07 2025
Stock Market

The Illusion Of Breadth

  • Nov 7, 2025

Since the April correction lows, the S&P 500 has risen 38.2% and the Russell 2000 has gained 41.8%.  Returns of this ilk, which suggest stock market strength is extending beyond the handful of mega-caps that have dominated the S&P 500 in recent years, would normally be celebrated as a sign of broadening market participation. 

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About The Author

Greg Swenson / Sr. Research Analyst & Co-Portfolio Manager

Greg Swenson Sr. Research Analyst & Co-Portfolio Manager

Greg is a Senior Analyst and Co-Portfolio Manager for the Leuthold Core Investment Fund, Leuthold Global Fund, Grizzly Short Fund, Leuthold Global Industries Fund, and Leuthold Select Industries Fund.

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