The Stock Market Is Broadening. It Still Has A Long Way to Go.
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After a historic stretch of bad breadth in December, the stock market is starting to broaden. The Invesco Equal-Weight ETF, or RSP, is up 3.6% this year, beating the regular S&P 500’s 2.8% rise. The S&P’s gains the past two years have been largely driven by massive technology stocks, especially those dubbed “The Magnificent Seven” by market observers.
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