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The Optimism Antelopes Come Up a Little More
This October through January has been more of a broad advance than we've seen previously over the last 12 months for sure. The breadth indicators that I analyze are sort of backing that up, right? Mid-caps and small caps, the breadth lines are all breaking out. But our benchmarks still look like they're in bear market territory because it's the Microsofts, Amazon's and others that are sort of holding things down.