....its not what it appears. ....all time highs is rather...

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    ....its not what it appears.

    ....all time highs is rather meaningless unless you are in the large cap non-resource stocks but even then, the large caps are driven higher out of narrow breadth, and getting overstretched.

    The Equal Weighted S&P 500 $RSP has declined against the market cap weighted S&P 500 $SPX in 15 of the last 17 days - incredible!

    https://x.com/Barchart/status/1801010259282035090
 
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