Afternoon Update – Mega Caps, Breadth and Retail Investors All At Extremes

The market is following the last 2 weeks playbook – to ride mega caps through year-end at the expense of pretty much everything else (stocks). SPX (30m from the election) with the DJIA and Small Caps. SPX (30m from the election) and mega cap-heavy Nasdaq-100. Breadth got to the extreme oversold readings Friday because of…