Just 27% of Russell 2000 Stocks Trade Above Their 50-Day Average as Index-Level Strength Masks Thin Breadth

The market looks strong at the index level, but underneath, most stocks are sliding.
Just 27% of Russell 2000 small caps trade above their 50-day average, and the Russell is down more than 8% from its peak. According to the post, a handful of big AI names are carrying the whole market.
The post says thin breadth does not mean the top is in, but it does mean the rally is fragile, and when the few leaders tire, there is nothing behind them to hold the line.