There's an Ominous Divergence in the Market That We Haven't Seen Since Last Year
- Index masks weakness in breadth that spells trouble in past
- Divergence happened in 2015, worst year in this bull market
Adam Parker: U.S. Recession Probability 'Very Low'
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At first glance, the stock market in 2016 is nothing like it was last year, when winners kept winning and gains seemed to be concentrated in a handful of stocks.
Nowadays leadership bounces around. Since January, the S&P 500 Index’s strongest group has shifted among utilities, energy producers and technology companies, as investors swapped defensive shares for those that respond to economic growth.