S&P 500 Earnings Revisions Breadth

S&P 500 Earnings Revisions Breadth This chart suggests that S&P 500 earnings revisions have likely bottomed. Image: Morgan Stanley Research

Market Breadth (S&P 500)

Market Breadth (S&P 500) New 52-week highs minus new 52-week lows is the third lowest in history after 2008 and the 1930s. Image: Fidelity Investments

MSCI ACWI – Global Equities Breadth

MSCI ACWI – Global Equities Breadth This interesting chart suggests that a new bull market is underway in global equities. Image: Topdown Charts

Stock Market Breadth (S&P 500)

Stock Market Breadth (S&P 500) This chart shows that the stock market’s breadth (new 52-week highs/lows) is unusually shallow. Image: Fidelity Investments

U.S. Market Breadth

U.S. Market Breadth At the dotcom bubble peak, the percentage of stocks outperforming the S&P 500 was 27% vs. 42% today (the historical average is 48%). Currently, the relative market breadth isn’t as extreme as it was in 2000. Image: Fidelity Investments

U.S. Stock Market Breadth

U.S. Stock Market Breadth The US stock market breadth is improving and continues to drive stocks higher. Image: Fidelity Investments

U.S. Unemployment Breadth and S&P 500

U.S. Unemployment Breadth and S&P 500 Year-over-year, the U.S. unemployment rate is rising in 30% of U.S. states, up from 18% in December 2018. Image: Pictet Asset Management

S&P 500 – 2020 vs. 2009

S&P 500 – 2020 vs. 2009 This chart suggests that the S&P 500 is following the 2009 pattern and market breadth. Image: Morgan Stanley Research