S&P 500 BREADTH FLASHES RARE WARNING

The equal-weight S&P 500 is heading for a seventh straight weekly decline — something seen only twice before, during 2002 and 2022 bear markets.

Yet the headline S&P 500 remains broadly stable, as tech megacaps mask deeper weakness underneath.

The gap between index calm and individual-stock volatility is now the widest since the dot-com crash in 2000.
(@WalterBloomberg)