One of the biggest market cliches we've seen in the last few weeks is that, though the
That's market jargon for the idea that individual
"As shown, 70% of the stocks in the index are currently above their 50-day moving averages, which is well below the breadth levels seen as recently as October when the index experienced its last big breakout to new highs," Bespoke writes. "Throughout the year, we've seen breadth decline with each successive breakout, so it has definitely become more of a 'stock-picker's market' late in the year."