S&P 500 market breadth has collapsed to 21.4% of stocks trading above their 50-day moving average, the lowest since April, with 14 consecutive days of new lows outnumbering new highs.
Macro & Markets ·
Market breadth in the S&P 500 has deteriorated significantly, with just 21.4% of stocks trading above their 50-day moving average—the lowest since early April and down from roughly 70% in mid-August. New 52-week lows have outnumbered new highs for 14 consecutive trading days. Historically, October has shown the weakest average breadth among all months since 1990 at 51.7% of stocks above their 50-day average, compared to stronger readings in December (64.2%) and January (62.2%).