Market Breadth - Percent Below 52-Week High S&P 500 Index Less Median Stock

Gains look solid at first glance, but under the surface the picture is less convincing. Record highs in the S&P 500 are hiding weak market breadth. For the rally to hold, leadership needs to broaden beyond a narrow group of names.

Image: Goldman Sachs Global Investment Research

Market Breadth - Percent Below 52-Week High S&P 500 Index Less Median Stock