Today felt like a stat kind of day – Redburn Midweek Charts always my go to on a Thursday morning to see what is being spoken about and what gems Nick and the team have picked out. The theme? Breadth is getting worse. The % of S&P stocks outperforming the index is the lowest in at least 30 years, The top 7 S&P 500 stocks have outperformed the other 493 S&P stocks by about 50% YTD and the top 5 are now at the heaviest weighting in the S&P 500 for fifty years! All quite mad but this is by no way…
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