Caleb Franzen(@CalebFranzen):The irony is (and has been) that expanding breadth & increasing participation in the stock market is actually the bearish signal. Just look at today's price action... The S&P 500 is down -0.65% & the Nasdaq-100 is down -1.56%... Meanwhile, the equal-weight S&P 500 is up +0.5%.

Caleb Franzen

@CalebFranzen

Founder of Cubic Analytics.

Joined June 2020

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Caleb Franzen@CalebFranzen

2026.10.08 18:05

The irony is (and has been) that expanding breadth & increasing participation in the stock market is actually the bearish signal. Just look at today's price action... The S&P 500 is down -0.65% & the Nasdaq-100 is down -1.56%... Meanwhile, the equal-weight S&P 500 is up +0.5%.