The Rally Has Been Broader this Time

Here are some interesting stats from Dani Burger at Bloomberg:

Weighted for size, the S&P 500 gained 6.6 percent in March for the best monthly gain since October. Stripping out market-value biases, shares posted a 7.7 percent advance, the strongest since October 2011. Viewed like this, stocks outpaced the S&P 500 by more than 1 percent for two consecutive months through March, the first time that’s happened since 2012.

The equity market’s breadth also looks different from the bottom. From the Feb. 11 low through the following month, the equal-weighted index outpaced the S&P 500 by 3.1 percentage points. During that period, every stock in the index but eight posted gains. That breadth is a large improvement from last year’s recovery: a month out from Sept. 28, the equal-weight index trailed the S&P 500 by 1.5 percentage points. Over the same period, 58 stocks were still left in the red.

Posted by on April 8th, 2016 at 8:36 am


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