Morgan Stanley Analysis: Improving Breadth of S&P 500 Index in Recent Market Activity
Monday, 18 March 2024, 23:46
Morgan Stanley Analysis on US Equities
Morgan Stanley examined 6 different breadth measures to gauge the S&P 500 rally since the Covid lows. The overall breadth of the index has increased significantly in the past month.
Sectors with Strong Breadth Improvement
- The industrials sector
- Energy
- Materials
- Real estate
- Utilities
The recent broadening within large-cap leadership addresses the challenges posed by higher rates and elevated multiples of the equity indices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.