The Stock Market Is Falling. Breadth Is Really Bad.

The Stock Market Is Falling. Breadth Is Really Bad.

The stock market has a serious case of bad breadth.

The S&P 500 was down 0.7%. More important, though, is that only 71 stocks in the index were trading higher.

Of the 11 major S&P 500 sectors, only one--communication services--was on the rise. Invesco S&P 500 Equal Weight ETF, a proxy for market breadth since it counts every stock in the S&P 500 the same, was down 0.9%.