Kris Sidial: Market breadth debates overlook changes in market structure since 2015

Kris Sidial: Market breadth debates overlook changes in market structure since 2015
Market structure changes impact breadth analysis

Kris Sidial reflects on the ongoing debates about market breadth in financial markets. He points out that such discussions remind him of a period around 2015, when veteran traders realized they could no longer rely on historical bond-equity correlations from the 1970s to assess current market regimes.

Sidial emphasizes that market structures and relationships have evolved over time, requiring a fresh approach to understanding market behavior.

Sidial has previously highlighted persistent trends in equities, noting large recurring selling pressure in the ES futures market over a three-month period. He has also recognized key contributors to volatility research, honoring Vance Harwood for his impact on the VIX ETP market. These observations reflect Sidial’s ongoing focus on market structure changes and influential market participants.

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