The U.S. stock market looks good from the outside, but inside it's decaying. It's easy to overlook this internal deterioration as the major market averages are reaching new all-time highs. But the ...
Market breadth has been a bit of a problem. It is our most negative indicator. Even when SPX made a new all-time high for the second day (Feb. 19), breadth was negative in both NYSE and "stocks only" ...