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Walter Deemer references the persistent Big Breadth Divergence in the market, while noting that averages remain buoyant.
His observation suggests a disconnect between broad market participation and overall index performance.
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Earlier this year, Walter Deemer highlighted that early warning signs for a potential stock market correction would likely come from the credit markets. He also noted that SPY and QQQ would need to rally to specific levels to close gaps and provide a measure of trend strength, referencing recent technical targets. These observations contribute to his ongoing focus on market signals and participation.