Yuriy Matso: Only two sector ETFs outperform SPY as market breadth narrows

Yuriy Matso: Only two sector ETFs outperform SPY as market breadth narrows
Few sectors beat SPY as breadth narrows

Yuriy Matso observes that only two sector ETFs are currently outperforming SPY, indicating weak market breadth.

He adds that the majority of sectors lag behind the broader market, suggesting a lack of widespread strength across the market.

Matso previously highlighted renewed divergence between the S&P 500 and the percentage of its stocks above the 200-day moving average. In a separate update, he reported a sharp drop in VIX term structure, suggesting market optimism. These observations come as sector performance remains narrow relative to the broader index.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.