If This Market Is Anything, It’s NarrowGuest Post
On a day like yesterday when more than half of the US tech sector was down more than 2%, we are reminded of the benefits of diversification. Yet, diversification would not have helped one participate in the market’s rise to the highest level since February. Indeed, this latest gasp higher in the broad indexes has been led by, according to some measures, the fewest percent of stocks this cycle. Let’s explain.
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