A weak record
There is still a lot of time to go in today's session. But once again today, the weakness in small-cap stocks is pushing the breath figures lower. If we closed the session right now, it would be the 3rd-weakest NYSE breadth since 1962 for any day when the S&P 500 closed at a 52-week high. The other 2 more extreme sessions were both in August when we were pointing out similar oddities.

This would also be only the 3rd time the S&P has ever closed at a 52-week high on a day when the Russell 2000 lost more than 1%.

If we look at lesser extremes, it showed some weakness over the next month, especially in recent years.

