The first three months of trading in 2023 have been a tale of the haves and the have-nots.
The
S&P 500
is up 7% this year, but the average stock is up barely 1%. Narrow leadership tends to signify a shakier rally than one with a broader group of stocks participating. The good news for investors is that things appear to be improving after a tough March.
Source: https://www.barrons.com/articles/stock-market-rally-apple-tech-9bbb6f11?siteid=yhoof2&yptr=yahoo