Breadth matters because it basically speaks to investor conviction about fundamentals
Breadth matters because it basically speaks to investor conviction about fundamentals: Sevens Report Editor, Tom Essaye, Quoted in Barron’s
The S&P 500 Is Suffering From Bad Breadth Again
“Breadth matters because it basically speaks to investor conviction about fundamentals,” Sevens Report Research’s Tom Essaye tells Barron’s. “The more sectors that are rallying, the stronger the perception of underlying fundamentals (a rising tide lifts all boats). If just one sector is carrying the market (poor breadth) it’s viewed as a vulnerable market because fundamentals aren’t that strong outside of the one sector.”
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