Jurrien Timmer(@TimmerFidelity):The stock market is broadening out again and the “jaws” are closing between the cap-weighted and equal-weighted S&P 500. This has not been a bullish broadening so far, given the zero-sum dynamic of the AI space selling off more than the ex-AI stocks are rallying.

Jurrien Timmer

@TimmerFidelity

Dir. of Global Macro @Fidelity. Student of history, chart maker, cyclist, cook. Helping investors break thru the clutter. Views are mine.

Joined December 2014

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Jurrien Timmer@TimmerFidelity

2026.10.27 16:19

The stock market is broadening out again and the “jaws” are closing between the cap-weighted and equal-weighted S&P 500. This has not been a bullish broadening so far, given the zero-sum dynamic of the AI space selling off more than the ex-AI stocks are rallying.