On many recent occasions, we have noted that the market breadth is poor and appears to be worsening. By worsening, we mean that the number of market leaders is declining, and a growing number of stocks, stock factors, sectors, and asset classes are lagging. Currently, the small list of stock factors showing up in SimpleVisor’s Performance Analysis as overbought relative to the market is S&P 500 Growth (IVW), Mega Cap Growth (MGK), High Beta (SPHB), and Disruptive Technology (ARKK). As the breadth has narrowed, one notable asset class has dropped off the leaderboard. Bitcoin and other cryptocurrencies have ... (full story)