"Something Unprecedented Is Happening": This Is The 2nd Longest Run Of Market Bad Breadth In 100 Years

Something unprecedented is happening behind the scenes in US stocks right now.

As we showed yesterday, Monday was the 11th day in a row where there were more decliners in the S&P than advancers. Bloomberg has data going back to October 1996 and this is the longest run over this period (with the exception of some confusion over what happened in Sept 11, 2001).