#ArtificialIntelligence S&P 500 #AI -linked #equities are exacerbating market fragility - narrow #breadth and rich valuations, chart @BloombergTV
#artificialintelligence #AI #equities #breadth
#ArtificialIntelligence S&P 500 #AI -linked #equities exacerbating market fragility - narrow #breadth and rich valuations, chart @BloombergTV
#artificialintelligence #AI #equities #breadth
ITBM Intermediate breadth momentum oscillator for SPX daily chart is showing a bottoming process here by its 14 period RSI. in May 2022, this lead to a short term 3 weeks of rally, but more recently this pattern failed and further selling ensued.