Investors wonder if test of highs can be trusted

[tsptalk]

Investors wonder whether this calm march back to near record highs can be trusted

KEY POINTS

Markets that refuse easy chances to sell off are typically seen as well-supported by stronger-handed investors looking ahead to improving fundamental developments.

The cumulative breadth indicator, a running tally of advancing versus declining NYSE stocks, reached a record last week. That move often precedes a new index high.

But the next three weeks are among the rockiest, on a historical basis, of the entire calendar.

https://www.cnbc.com/2019/09/23/san...arch-back-to-record-highs-can-be-trusted.html