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The average S&P 500 stock is on track to fall 7 weeks in a row. That has only happened twice before: 2002 and 2022. ✅ The equal weight S&P 500 is headed for its 7th straight weekly decline. ✅ Meanwhile the Nasdaq 100 just hit a record high. ➡️ Translation: a handful of mega caps are carrying the index. Everything else is getting hosed. ➡️ Small caps, banks and utilities live and die by interest rates. That's who is getting hit. ✅ Goldman's desk says only 23% of S&P 500 stocks are above their 50-day average. 😇 In my opinion, it is really bullish. 😇 We're really in a bottoming process for the rest of the S&P 500. ➡️ 2002 and 2022 were both years the market bottomed. ➡️ When oil, rates and corporate yields fade, the laggards join the rally. 🚨 The risk: yields break higher instead. Then the left-behind stocks stay left behind. Full breakdown in the video: https://t.co/FK1KjE339E