The bounce that we’ve seen over the last week or so has been fierce, but breadth hasn’t been great.  While the S&P 500 is now just a few points away from all-time highs, just 54% of stocks in the index are above their 50-days.

Below is a look at breadth by sector so you can see which areas of the market are doing better or worse than others.  The two consumer sectors have strong breadth readings compared to the overall market, and the same goes for Health Care and Financials.  Cyclical sectors where breadth remains weak include Energy, Materials, Industrials and Technology.  While weak breadth for Energy and Industrials is expected, investors may be surprised to see such weak breadth for Tech. One contributing factor to the weak breadth for these sectors is the international exposure of companies in each of those sectors.

For in-depth sector coverage on a regular basis, become a Bespoke Premium member and check out our Sector Snapshot published every Thursday afternoon.  We’ve also just published our Bespoke 50 list of top growth stocks in the Russell 3,000.  The Bespoke 50 was up 3.5% over the last two weeks and is now up 115% since inception in 2012 versus the S&P 500’s gain of 55%.  Head on over to our Subscribe page to start a free trial today!

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