Great breadth expansion to mark a very good July

The S&P was up ~9% for the month of July, representing its best month of gains in two years, and the best July performance since 1939.  Just since mid-June when $SPX bottomed, we’ve seen 12% gains in six weeks, or over 2% gains a week.  Not a bad recovery thus far to say the least.  Yet, prices won’t likely go up in a straight line as quickly as what’s been seen since June.  Breadth has expanded rapidly in recent weeks, and this widespr...

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