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Fewer Stocks Are Driving the Market’s Rally Lately. These Experts See an Opportunity for Investors
The S&P 500’s market breadth recently hit its lowest level since the dotcom bubble.Credit: TIMOTHY A. CLARY / AFP via Getty ImagesKey TakeawaysThe S&P 500 has climbed to record highs lately, but weakening market breadth shows fewer stocks are driving the rally.Morgan Stanley and Goldman Sachs analysts see buying opportunities where stock prices haven’t kept pace with earnings growth.A shrinking number of stocks are driving the market’s rally lately. That could mean an opportunity to pick up quality names at a discount, according to some experts. While the S&P 500 keeps hitting fresh highs—it…
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