Not much oomph as the Advance/Decline Line lags

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-05-11 at 15:15:00 CDT

The major indexes have rallied hard off their lows from March. After a couple of initial breadth thrusts, though, overall advance/decline figures have been unimpressive. The Cumulative line on the NYSE is only about 2% off its lows, one of the worst performances relative to gains in the S&P 500 when coming off a 6-month low.

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