Afternoon Update

Taking a quick look around, all major averages are higher. Ten of 11 S&P sectors are higher, but at last looks, Advancers have lost the 2-to-1 edge over Decliners again (Adv 1727/Dec 1038) indicating two things: 1) The narrow breadth/leadership that’s been the hallmark of 2024, and 2) a Low probability of 1-day overbought internals….