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The stock market has only done this 3 times in nearly 40 years. It's not a good sign

Cnbc · · 817 words · By Sarah Min
Economic Divergence AI Bubble Concerns Market Breadth
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What to know about Economic Divergence

The poor breadth in the stock market is starting to worry investors.

Claims checked 18
Techniques found 2
Topics 3

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center100%
Right0%

2 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

The poor breadth in the stock market is starting to worry investors.

Why it matters

The S & P 500 rose to all-time highs on Monday, climbing above 7,400 as artificial intelligence continued to push the broader index farther above its March low; stocks are up more than 17% since falling to 6,316.91 on March 30.

Common ground

Memory stocks, especially, have been on a tear, with shares of Micron Technology more than doubling, up roughly 140%, over the same span.

Perspective signals

The tension in the story is sharpened by Loaded Language, Appeal to Fear: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

open_in_new Read the original article: https://www.cnbc.com/2026/05/11/the-stock-market-has-only-done-this-3-times-in-n…

psychologyPropaganda Techniques Detected

eFinder identified 2 propaganda techniques in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning
Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.
Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.
Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.
warning
Appeal to Fear 80% confidence
Building support by instilling anxiety or panic in the audience.
Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.
Why it matters: Recognizing appeal to fear helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 18 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 8
info Single Source 7
help Insufficient Evidence 3
help
Claim 1: “The other occasions were similarly ominous. July 1929... January 1973... December 1999”
INSUFFICIENT EVIDENCE
No evidence was found after searching for the specific dates (July 1929, January 1973, December 1999) in relation to the 5% 52-week low claim.
info
Claim 2: “On Friday, the S & P 500 was higher by 7.7% on a headline basis, but just 52% of its members topped the same measure”
SINGLE SOURCE
While one source mentions the index being extended and the 86% average, it does not provide the specific figures for 'Friday' (7.7% higher and 52% of members topping the measure).
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web search NEUTRAL — The S&P 500 is now 16.5% above this year’s low, having closed Friday at a fresh record.Usually when the S&P 500 was this extended, an average of 86% of components traded above their 50-DMAs. Top ticke…
https://www.msn.com/en-us/money/top-stocks/there-s-a-new-top…
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web search NEUTRAL — Of the Dow's 30 components, all of which were falling on Tuesday, 20 stocks were trading below their 50-DMAs.All three indexes last closed below their respective 50-DMAs on July 18.
https://www.marketwatch.com/story/dow-sp-500-and-nasdaq-in-d…
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web search NEUTRAL — Here is the list of Stocks/Companies above 50 Daily Moving Average.
https://www.indmoney.com/stocks/category/above-50-dma
info
Claim 3: “Friday was only the third time since 1990 that the S & P 500 made a new high when there were more new lows than highs, BTIG found”
SINGLE SOURCE
The search results for this claim are dictionary definitions of the word 'according' and do not contain any financial data or BTIG findings.
travel_explore
web search NEUTRAL — The meaning of ACCORD is to grant or give especially as appropriate, due, or earned. How to use accord in a sentence. Did you know? Synonym Discussion of Accord.
https://www.merriam-webster.com/dictionary/according
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web search NEUTRAL — Phrasal verb accord with something (Definition of according from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
https://dictionary.cambridge.org/dictionary/english/accordin…
travel_explore
web search NEUTRAL — Definition of 'according' according in American English (əˈkɔrdɪŋ ) adjective agreeing; in harmony
https://www.collinsdictionary.com/us/dictionary/english/acco…
schedule
Claim 4: “DRAM already has $6 billion in assets under management, according to FactSet data”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
help
Claim 5: “it's only the fourth time the S & P 500 has hit a record high while 5% of its members fell to fresh 52-week lows”
INSUFFICIENT EVIDENCE
No evidence was found after searching for this specific claim regarding the 5% of members falling to 52-week lows during record highs.
help
Claim 6: “Friday, for example, was the first time over the last 30 years that the S & P 500 closed more than 7% above its 50-day moving average and not even 55% of its components were above their 50-day average, according to BTIG”
INSUFFICIENT EVIDENCE
No evidence was found after searching for this specific claim regarding BTIG's analysis of the 50-day moving average components.
schedule
Claim 7: “The Roundhill Memory ETF (DRAM), launched just a little over a month ago, has roughly doubled since then”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 8: “The S & P 500 rose to all-time highs on Monday, climbing above 7,400”
SINGLE SOURCE
The provided web search results for this claim are irrelevant, discussing the letter 'S' rather than the S&P 500 index. No financial data was provided to confirm the index rose above 7,400 on a specific Monday.
travel_explore
web search NEUTRAL — S (minuscule: s) is the nineteenth letter of the Latin alphabet, used in the English alphabet, the alphabets of other western European languages and other latin alphabets worldwide.
https://en.wikipedia.org/wiki/S
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web search NEUTRAL — Jul 30, 2020 · Learn to recognize the upper and lowercase letter S, how to write the letter S s and the sound that letter S makes. This series incorporates the modalities of visual, auditory and...
https://www.youtube.com/watch?v=vniciwSnfH8
travel_explore
web search NEUTRAL — Apr 3, 2026 · S (upper case, lower case s, plural Ss or S's) The nineteenth letter of the English alphabet, called ess and written in the Latin script.
https://en.wiktionary.org/wiki/S
schedule
Claim 9: “five of 11 sectors trade below their 200-day moving averages on an equal-weight basis, including financials”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 10: “The Magnificent Seven stocks account for more than one-third of the market-cap weighted S & P 500”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 11: “South Korean stocks... are also up more than 60% since the March low”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 12: “The two other times both came in December 1999”
SINGLE SOURCE
The provided evidence discusses general record highs and a rally in 2025, but does not confirm the specific historical occurrence of new highs with more new lows in December 1999.
travel_explore
web search NEUTRAL — The S&P 500 just hit another all-time high, extending a rally that has added nearly 50% since the tariff-driven panic low in April 2025.
https://247wallst.com/investing/2026/05/10/the-sp-500-just-d…
travel_explore
web search NEUTRAL — The S&P 500 (^GSPC +0.84%) is hitting new highs again this week. Although there have been some ups and downs this year, including a serious dip at the end of March, the market has been in strong bull …
https://www.fool.com/investing/2026/05/08/is-now-a-good-time…
travel_explore
web search NEUTRAL — The S&P 500 and Nasdaq closed at fresh record highs, supported by easing tensions in the Middle East and strong earnings from tech companies like AMD. Investor sentiment was positive due to the prospe…
https://www.livemint.com/market/stock-market-news/us-stock-m…
info
Claim 13: “shares of Micron Technology more than doubling, up roughly 140%, over the same span”
SINGLE SOURCE
The evidence provides general company information and links to Yahoo Finance, but does not contain the specific stock price movement or percentage increase (140%) for Micron Technology over the mentioned span.
travel_explore
web search NEUTRAL — Micron Technology, Inc. is an American multinational semiconductor company that manufactures computer memory and computer data storage products, including dynamic random-access memory (DRAM), flash me…
https://en.m.wikipedia.org/wiki/Micron_Technology
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web search NEUTRAL — Explore Micron Technology, leading in semiconductors with a broad range of performance-enhancing memory and storage solutions
https://www.micron.com/
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web search NEUTRAL — Find the latest Micron Technology, Inc. (MU) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/MU/?fr=sycsrp_catchall
info
Claim 14: “stocks are up more than 17% since falling to 6,316.91 on March 30”
SINGLE SOURCE
The evidence provided contains general information about the S&P 500 and historical annual returns, but does not provide specific price data for March 30 or a percentage increase from that date.
travel_explore
web search NEUTRAL — The S&P 500 has averaged about 10% annually.
https://www.macrotrends.net/2526/sp-500-historical-annual-re…
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web search NEUTRAL — S&P 500 Today: Get all information on the S&P 500 Index including historical chart, news and constituents.
https://markets.businessinsider.com/index/s&p_500
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web search NEUTRAL — DISCLOSURE: Trade recommendations may have changed since publication. Evaluate current market prices and risk/reward before acting.The S&P 500 is the most diversified U.S. stock market index. The SPDR…
https://www.smartoptionstrader.com/p/the-s-p-500-may-be-sett…
schedule
Claim 15: “the equal-weight consumer discretionary index falling to fresh lows compared to the equal-weight S & P 500”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 16: “SK Hynix and Samsung make up nearly 50% of the iShares MSCI South Korea ETF (EWY)”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 17: “Together, those seven are up more than 25% since the March low, as measured by the Roundhill Magnificent Seven ETF”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 18: “Usually, the percentage of companies in the S & P 500 that are above their 50-DMAs when the index is more than 7% above its own 50-DMA, has been 86%, on average, BTIG said”
SINGLE SOURCE
One web search result ('There’s a new top target for the S&P 500...') explicitly mentions that usually when the S&P 500 was this extended, an average of 86% of components traded above their 50-DMAs. However, there is only one source providing this specific statistic.
travel_explore
web search NEUTRAL — The S&P 500 is now 16.5% above this year’s low, having closed Friday at a fresh record. And the bullish calls keep coming.Usually when the S&P 500 was this extended, an average of 86% of components tr…
https://www.msn.com/en-us/money/top-stocks/there-s-a-new-top…
travel_explore
web search NEUTRAL — Invest and trade at your own risk. Some of the links in the description may be affiliate links. 00:00 - Investing £50 per day 02:58 - Comparing to lump sum investing 06:11 - Answering a common questio…
https://www.youtube.com/watch?v=6KSMfKxKm_s
travel_explore
web search NEUTRAL — Investing.com - BTIG downgraded Embecta (NASDAQ:EMBC) to Neutral from Buy following weaker-than-expected second-quarter results driven by U.S. pen needle market share loss and volume softness. The sto…
https://www.investing.com/news/analyst-ratings/btig-downgrad…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.