This is the biggest breadth divergence at an all time high in history, going back to 2001 (available indicator data).
https://x.com/SuburbanDrone/status/1807826292433154233
KEY TECHNICAL READING TO WATCH: the trend line below as the $SPX latest leg higher shows low conviction, cautious sentiment, weakening breadth, and declining volumes. This elevates the risk of a potentially violent correction as we enter the 2nd half of the year.
https://x.com/kurtsaltrichter/status/1807838402995277919
US bear steepening continues. 2s/10s yield spread rises by 1.8bps to -34bps.
https://x.com/Schuldensuehner/status/1807754307799851419
