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Breadth has been below 60 since march for QQQ, yet it rallied 10pct in that time period. So why is "bad breadth" important? PPl who complain about breadth are guaranteed under performers. there is a hedgefund "telemetry" guy who have been complaining the same and his portfolio is down 5pct when the market is up 15%. That makes him NEGATIVE 20pct performance.
Always learning from you. Thanks, Dave. The market rode higher for pretty much all of 2021 on narrow breadth, but it sure ended badly. Hopefully, when the fed finally cuts rates, institutions will start playing the small/mid caps, and we'll get that widening without a crash first!