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.
