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Stock Market Rally on Shaky Ground with David Rosenberg
On The Tape
Why this is not the beginning of a new bull market
I could tell this wasn't the start of a new bull market because the typical signs were not present. Typically, in a new bull market, there is an increase in volume and breadth, especially in small caps. However, this time, there was no surge in volumes, market breadth did not spread out, and small caps did not outperform the market. Therefore, the breadth did not confirm the price and indicate a new bull market.
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