Technical Tuesday - June 20 2023 - Equities
On page one, we highlight the chart of the S&P along with the percentage of stocks in the S&P 1500 with a positive and negative multi-factor model score. We continue to see a lack of significantly improving scoring stocks off the March low, and there are now more stocks with a weak score since then. The scores are slow-moving, but one would think that the strong momentum move off the lows would have produced better numbers than what we have now.
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