reached an all-time high this week; however, market internals continue to flash warning signs. A handful of large-cap semiconductor stocks appear to be propping up the market, but they may be the last chips to fall. Here are some of the factors that concern me:
The number of stocks within the S&P 500 index that are hitting new 52-week highs has been decreasing for the past couple of weeks, as the S&P 500 index reached an all-time high this week. The equal-weighted S&P 500 has not confirmed the new all-time high hit by the cap-weighted S&P 500 index.I have progressively reduced the total equity allocation in our client accounts.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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