Midday Market
Midday Wave #28: Midday Regime Flip: Leadership Narrowing, Momentum Concentrating – Thursday 4/16/2026
0:004:45
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Episode summary
Despite a sharp 11-point drop in 20SMA breadth, the market regime upgraded to Bullish thanks to strong large-cap leadership and sector rotation — with AMD, ORCL, and MRLN driving the move. The key takeaway: quality of leadership now outweighs breadth.