S&P 500 at Record Highs but Breadth Remains Narrow
S&P 500 hit a new record high on PPI softness, with equal-weight index at all-time highs. However, breadth is still narrow (Russell lagging) and Nvidia commands 3% of US equity volume, posing liquidity risks. Q2 earnings show record margins but Tech concentration persists.
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Updated Aug 15, 2026