Argus

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May 14, 2026

Intermediate Term

Long Term

Summary

While the large-cap indices make all-time highs day after day, there are cracks everywhere else. This includes secondary indices, sectors, industries, and individual stocks. We have talked about poor market breadth, and perhaps the only thing we can say is that most money is invested in the mega-cap indices, so there is no problem until there is. We hear it's different this ti

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