S&P 500 equal-weight breaks out while breadth improves, James E. Thorne notes

S&P 500 equal-weight breaks out while breadth improves, James E. Thorne notes
S&P 500 equal-weight index signals shift

James E. Thorne observes that the S&P 500 equal-weight index has outperformed the cap-weighted benchmark today, suggesting that market breadth is improving.

He adds that this performance is a sign of rotating market leadership and that capital is moving beyond areas crowded by the artificial intelligence trade.

Thorne previously noted that the S&P 500 reported nearly 22 percent earnings growth, while market commentary remained focused on possible downturns earlier this year. He has also urged the Bank of Canada to take steps to address a balance sheet recession in Canada in a separate statement. His recent comments continue his regular observations on market performance and policy responses.

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.