Market Concentration Raises Concerns: Only 60% of S&P 500 Stocks Above Their 200-Day Average
The current market rally is being driven by a narrow group of stocks, particularly semiconductor companies like Micron (MU), raising concerns about fragility. Despite strong earnings and record highs for major indices, only around 60% of S&P 500 stocks are trading above their 200-day moving average.
Topics: 200-day moving average market leadership S&P 500 semiconductors