If you're pumped by Nvidia's earnings report last evening and by this morning's bounce in the tech sector, allow the following to curb your enthusiasm:
That's our live US sector watchlist. Unless you're loaded up with only tech and miners, you're not feeling it this morning.
This is what you call poor breadth... The Dow, for example, is up over a hundred points as I type, yet only 5 of its 30 members are in the green... The SP500 is up 0.6%, while 60+% of its constituents are in the red.
We'll explore what's occurring under the surface in this weekend's macro wrap.
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