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Which Way Will Stocks Break?

MRKT Matrix

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The S&P 500 Equal Weight Cap Weight Index Reverses

The S&P 500 equal weight cap weight index ratio has plunged the levels we have last saw in April of 2022. When you see that start to reverse, it means that those major names in the S&P market cap weight have starting to give up a little bit. The probability of the broader market rolling over is exactly that.

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