FYI: Below is one of the many charts included in this week’s Sector Snapshot, which highlights the percentage of stocks in S&P 500 sectors currently trading above their 50-day moving averages. As shown, just two sectors have breadth readings above the 50% mark, and they’re both defensive areas of the market (Utilities and REITS).
Regards,
Ted
https://www.bespokepremium.com/sector-snapshot/bespokes-sector-snapshot-4518/
