Tuesday’s session kept the recent repair phase alive and, in several areas, strengthened it. Breadth improved again, short-term participation stayed strong, and the major index ETFs pressed into important resistance zones.
After a tumultuous start to 2026 that saw markets gripped by geopolitical instability and a "valuation reset" for Big Tech, the S&P 500 (NYSE:SPY) has staged a remarkable recovery. As of mid-April, the index is now within 1% of its year-to-date break-even point, effectively erasing the steep losses
Monday’s breadth data argues that Friday’s cooling phase was just a pause. Participation broadened sharply again, the major index ETFs extended their recovery, and internal metrics improved across nearly every key timeframe.
The month of March 2026 will be remembered as one of the most volatile periods for global equity markets in recent history. While Wall Street weathered the storm with a controlled retreat, international markets faced a brutal sell-off that saw non-U.S. indices underperform their American counterparts by a staggering
Thursday’s breadth data confirms that the rebound remains intact, but it also shows a market that is advancing with less urgency than Wednesday’s surge suggested.
