More Than Half the Market Is Down 20 Percent. This 1 Indicator Could Decide What Happens Next

The share of S&P 500 stocks above their 200-day average has dropped to 49 percent, marking the sharpest deterioration in breadth since the Fed’s hawkish pivot at Jackson Hole.

BY PHIL ROSEN, CO-FOUNDER AND CEO, OPENING BELL MEDIA; CHIEF MARKET STRATEGIST, PROCAP FINANCIAL @PHILROSENN

Fewer stocks are carrying the........

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