Why this breadth thrust is like 1962
Stocks are stumbling after enjoying a large thrust off the June low. If we look at the percentage of S&P 500 member stocks trading above their 10-, 50-, and 200-day averages, the 50 days off of the low are most similar to June 1962. A table of highest-correlated breadth stats in the 50 days off all lows, shows mostly gains long-term.