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There Isn’t a Single Down Stock in the S&P Over Last 10 Weeks

  • S&P 500 is less than 1% away from erasing its 2020 losses
  • Investors point to broadening rally as a positive stock signal
     

Source: Getty Images

Here’s something to consider with the S&P 500 on the verge of erasing all its 2020 losses: Ever since the benchmark bottomed in March, every single one of its members has posted a positive return.

Some, as always, will say the feat sends a negative signal -- that every company is moving together and once the rally falters it will all reverse. But many more observers proclaim it’s a representation of broadening participation in the stock market rebound, a necessary ingredient to prove the equity run is here to stay.