Jay Woods, chief global strategist at Freedom Capital Markets, recently joined Stocks In Translation to delve into stock weighting and explore how market breadth can serve as a key indicator of overall market health.

He explains, “About 75% of all stocks in the S&P 500 (^GSPC) are above their 200-day moving average. What does that mean to me, that means it's a sign of health. They're trending higher, not going through the roof. There's no euphoria just yet. Yet the S&P 500 is up 20% without that euphoric rally. It's just slow, steady rotating... this, to me, is the most positive thing we've seen in the market in some time.”

Listen to the full episode here or wherever you get your podcasts.

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This posytwas written by Neil Mulchany.