Fewer than 1/2 of the stocks in the S&P are within 8% of their 52-week high, says Scott Nations of Nations Indexes. More than 40% of stocks in the S&P are more than 10% from their 52-week high, he explains. He adds that indexes have gotten way ahead of themselves. He and Oliver discuss the breadth of the market, saying we need pretty good breadth for the market to be healthy. He discusses buying put spreads.
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