I shared this in the Last Look Report today and its a bit eye opening. As things are going, 15% of the stock in the S&P 500 are down 20% or more from their 52-week high while the S&P 500 is about 1% down from its 52-week high. The numbers are larger for the S&P Midcap and S&P Small Cap. Analysts say this is a sign of a coming breakdown but others say there is opportunity in the lagging stocks.

The stock market is undergoing a slow motion deterioration with pockets of shares down 20% or more