This video clearly illustrates how, despite what might seem like an impressive rally in the US stock market, what is likely to prove to be an unfounded & soon-to-be faded rally in the biotech sector was largely the primary driving force behind today’s gains in the major US stock indices, particularly in the Nasdaq 100 & Russell 2000 small cap index, the latter which mounted an impressive gain of just over 3% today.

This video is relatively short in duration (20 minutes) and I would encourage watching it as I believe the lack of participation by nearly all of the recent leading stocks and even most other non-biotech or healthcare related sectors speaks to the continuing deterioration in market breadth, despite how the price action & gains in the broad indices may have appeared on face value today.