Here’s the worrying message the market is sending about the economic recovery – MarketWatch

Here’s the worrying message the market is sending about the economic recovery – MarketWatch

One way to look at what the market is saying about the economic recovery is to simply observe that the S&P 500
SPX,
+0.64%
has jumped 49% from the lows of March and is only 2% below where it stood in mid-February, when the coronavirus began spreading outside of China.

Beneath the surface, however, things aren’t looking as great, as market breadth has declined. The…

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