Market concentration is creating ‘fragility’: Only 60% of S&P 500 stocks are above their 200-day average
With stellar earnings powering stock indexes to all-time highs, Wall Street now wants to see the market broaden. āAny time you have narrow leadership, despite what is doing the leading, it just creates more of a fragility in markets in general,ā Matt Stucky, Northwestern Mutual Wealth Management chief portfolio manager, told Yahoo Finance last week….
