Next Day Prep #264: The Record High Illusion: Why Breadth Matters More Than the Index – Thursday 5/21/2026

Despite the DJIA hitting a record high, market breadth is deteriorating as only a handful of stocks drive gains. We break down why IBM surged on external funding while NVIDIA and Walmart fell on expectation mismatches, and outline a selective playbook for tomorrow.

The post Next Day Prep #264: The Record High Illusion: Why Breadth Matters More Than the Index – Thursday 5/21/2026 first appeared on WaveRider Markets.