Mark Newton Says Weak Market Breadth Doesn't Mean Stocks Have to Fall as Tech Keeps Carrying the Market

Fundstrat's Mark Newton says weak market breadth does not mean stocks have to fall. He thinks technology can keep carrying the market even when participation underneath remains narrow.
Tech is still near all-time highs, which can outweigh weak breadth across other parts of the market. Meta ($META) has rebounded strongly, Nvidia ($NVDA) is near record highs, and Apple ($AAPL) is also holding up well.
Newton sees semiconductors, memory stocks, Mag 7 names, and hyperscalers as the key leadership keeping the broader market supported.