Broad-Based Rally: Will the S&P 500 Take a Breather?

Hey, just wanted to share something interesting I've seen recently in the market. The S&P 500 has been on a roll, and it's not just a handful of big names driving this rally. Around 24% of the stocks in the index have reached new highs recently, showing that the advance is truly broad-based. This level of participation is usually a positive sign for the current uptrend.

However, historically, when we see such widespread gains, the market often takes a short-lived breather before continuing the rally. So, what is your take?

https://preview.redd.it/ann6rsvwojzd1.png?width=4800&format=png&auto=webp&s=44b4eb097dbbf07f941919352e52df82da1d1131