Investor positioning has fallen sharply alongside the decline in market breadth. Goldman Sachs suggests that lagging stocks have the potential to catch up to AI leaders if macroeconomic uncertainty eases.
Tuesday, October 20, 2026
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Goldman Says S&P 500 Breadth Hits Dot Com Era Low
US Markets23 days ago
Only 27% of member stocks in the S&P 500 now trade above their 50 day moving average, a level approaching the index's March low. The median stock in the S&P 500 trades 16% below its 52 week high. Goldman Sachs reports that these figures indicate market breadth has reached its lowest level since the dot-com bubble, noting that performance from artificial intelligence stocks is masking extreme weakness across the broader index.
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