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Al_Dente wrote:This is perplexing to me: The highs on the SPX
Over this long bull run, why was SPX able to notch 100 and more new highs here and there
And yet, over the past two years, she’s been hard pressed to get more than 50 new highs
The answer is not that the number of issues has changed, as the SPX has consistently had +/- 500 issues throughout
What is the answer? Anyone?
[WEEKLY chart]
I think fewer stocks are participating in the $SPX rally.Al_Dente wrote:This is perplexing to me: The highs on the SPX
Over this long bull run, why was SPX able to notch 100 and more new highs here and there
And yet, over the past two years, she’s been hard pressed to get more than 50 new highs
The answer is not that the number of issues has changed, as the SPX has consistently had +/- 500 issues throughout
What is the answer? Anyone?
[WEEKLY chart]