Highlights
- The small and mid-cap indices fumbled their opportunity to catch up to the big boys last week, giving up all their stellar post-CPI gains and more into Friday's close.
- While this perpetuates the divergences we've been discussing since late March, the narrowness is beginning to take hold even within the vaunted NDX 100 itself.
- With the NDX about 16% above its own 200-day average, there are fewer NDX 100 stocks above their 200. . .
