Market Breadth Review

Purpose

Indexes can print new highs while fewer names participate. A Market Breadth Review asks whether the move you are watching is carried by the field or by a narrow cluster of leaders.

Included

• Advance-decline and participation framing for the index or list you nominate
• A short memo on whether breadth confirms, diverges, or sits in a transitional state
• Practical implications for adding risk, holding, or waiting — framed as analysis, not orders

Best used when

You are about to add to a rally, reduce a defensive overweight, or explain a pause to a committee. Pair it with a Sector Rotation Briefing when both leadership and participation matter for the same decision.