Sentences with phrase «breadth thrust»

The favorable market performance associated with many historical economic expansions is fully accounted for by 1) favorable post-recession valuations, with the S&P 500 averaging less than 9 times prior peak earnings at the recession low, expanding to just over 11 times peak earnings in the first year of the bull market, and 2) favorable trend uniformity, which typically emerges almost immediately in the form of a powerful breadth thrust off of a bear market low, and is confirmed within a few weeks by much broader trend uniformity.

For now, it would be either an oversold condition followed by a positive breadth thrust, or a further rally in the S&P of about 8 % without any fresh breakdowns in market internals.

Moreover, the recent advance generated neither a classic breadth thrust nor positive trend uniformity.

As I've noted before, this is actually bearish action, because it prevents the kind of oversold condition that can give rise to a «breadth thrust.»

Not exact matches

We think they might and, in addition to the higher prices, the incredible thrust in equity market breadth tells us not to ignore it.