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S&P 500 Scaled New Highs - Now Tech Faces Its Rate Test
Source: seekingalpha.com
Market Technicals & FlowsInvestor Sentiment & Positioning
The S&P 500 and Nasdaq Composite reached new all-time highs, driven almost solely by US technology stocks, even as global equity and bond markets weakened. Only 46% of S&P 500 stocks traded above their 200-day moving average, pointing to narrow market leadership concentrated in the Nasdaq-100.
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