Just One Chart (Ok, Maybe Two)

We've talked a ton in these pages about the extent to which the Nasdaq has "bad breadth." In fact, we devoted an entire post to it back in August, when the equal-weighted Nasdaq hit an all-time low versus the regular benchmark. We were using the ratio of QQEW to QQQ in that post and it occurred to us after Friday's blockbuster day for tech titans that we should check that again, and sure enough: a new low.... In the same vein, Kevin Muir (who writes the excellent Macro Tourist blog) notes t

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