Markets Confirmed First seen 2026-10-02 14:58 UTC

S&P 500 nears record high with 75% of stocks below 50-day average

Eric Balchunas states the S&P 500 is about to hit a new all-time high while 75% of its stocks trade below their 50-day moving average, calling such breadthless highs increasingly normal.

Why “Confirmed”

Backed by on-chain or flow data: Eric Balchunas

1 independent source groups across 1 posts · evidence score 80/100. How labels work

What the sources claim

The S&P 500 is about to hit a new all-time high while 75% of its stocks trade below their 50-day moving average.

“The S&P 500 is about to hit a new all time high and yet 75% of the stocks in are trading below their 50-day moving avg”
Eric Balchunas
Breadthless all-time highs are historically rare but increasingly normal.

“Breadthless ATHs are historically rare but increasingly normal”
Eric Balchunas
The top 10 stocks have acquired around 1000 companies, which the author cites as a reason not to worry.

“Prob bc the top 10 stocks have acquired like 1000 companies = why i don't sweat it”
Eric Balchunas

Sources

Eric Balchunas onchain 2026-10-02 14:58 UTC
TAKE MY BREADTH AWAY: The S&P 500 is about to hit a new all time high and yet 75% of the stocks in are trading below their 50-day moving avg. Breadthless ATHs are historically rare but increasingly normal (chart). Prob bc the top 10 stocks have acquired like 1000 companies = why i don't sweat it…

Summary and claims extracted by deepseek/deepseek-flash with prompt analyze-story@3 on 2026-10-03 00:00 UTC. Labels are computed from the sources, not by the model.