The S&P 500 has risen about 17% so far this year.
Spencer Platt/Getty Images
The stock market has soared, and the rally has included shares across most sectors—not just Big Tech. That’s, quite simply, a great sign for the equity market.
The
S&P 500
has climbed 10% from a multi-month low hit in late October. Sure, the index’s technology sector has gained a few more percentage points than that, but tons of stocks outside of tech have sprinted higher as well. About 90% of stocks on the index are above their 20-day moving averages, according to research firm CappThesis.
The stock market’s rally has featured strong “breadth,” meaning a high number of stocks are participating in the index’s recent gains. The
Invesco S&P 500 Equal Weight
…
Read the full article here