-- have gained between 4.5% and 12% since March 8, when troubles at Silicon Valley Bank set off banking system worries. In that period, the S&P 500 has fallen 0.5%.
Strength in megacaps also cloaks weakness elsewhere. Measures of market breadth have turned more negative, while the equal-weighted S&P 500Investors are bracing for more banking sector volatility next week, after sharp declines in shares of European giants The weight of the top five S&P 500 companies has rebounded to 21.7% from 18.8% for the top five stocks at the end of 2022.As megacaps have rallied, some indicators of breadth, which technical analysts view as gauges of broad market health, have darkened recently.
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