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Energy, Yield Rally Correlation Faces Unwinding Risk as SPX Market Breadth Wanes

Source: youtube.com

Market Technicals & FlowsInvestor Sentiment & Positioning
Energy, Yield Rally Correlation Faces Unwinding Risk as SPX Market Breadth Wanes

Charles Schwab's Rachel Dashiell says the S&P 500 is approaching a critical technical support level after a four-month advance. Weaker market breadth is putting the index's recent breakout at risk, signaling a potentially fragile rally and increased downside risk if support fails.

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