New all-time highs at an index level, with breadth in the red, don't occur frequently. However, the last two occurrences accurately marked key market pullbacks. Is it time to start taking capital off the table?
$AAPL is driving 35% of the bullish momentum in $SPX today, while the equal weight index is lagging with a decline of -0.36%. This has resulted in a three-decade low in the correlation between $SPX and its equal-weighted counterpart.
