Highlights
- While we like what we see from a leadership perspective--cyclicals and 'new era' growth--we remain concerned by the growing divergences between the S&P 500 and broader market breadth.
- For instance, although the S&P was up over 2.0% in October, the median stock in the MOTR Universe was down nearly -2.0%, with only 42% advancing.
- Late month weakness actually caused the Risk Gauge to lose its nascent grip on long- and medium-term 'Risk On' readings, both slipping. . .
