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On the still-present problem of market breadth

Jun 30, 2025
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Hello, Subscribers!

Since BofA's star strategist Michael Hartnett ran the below table last week, the S&P 500 has indeed made a new all-time high, slightly exceeding its peak from earlier this year. It's fair to note this also happened in late 2007, when the S&P inched above its May apex earlier that year at the dawn of the Global Financial Crisis.

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