The broadening of market leadership after tech sold off is extremely bullish — the S&P held up because other sectors stepped in.

26:14yet, despite it's what is this 20% 30% of the index >> market hung in >> whatever it is, the market. >> What is more bull What on earth is more bullish than the leadership group chart off? What on earth is more bullish than a situation where the leadership group pukes is also the largest sector and also has the most speculative activity in it gets absolutely taken to the

26:44cleaners and the S&P 500 index doesn't budge because there's so much buying in all of the other almost all of the other sectors that the market holds up, the internals blow out in terms of broadening and we go through a margin wipeout and then come out of the other side with a rally in the former leaders. Once again, if I if I scripted it, you couldn't write a more bullish um resolution of

27:21all of all that leverage in June in May and June in this in this very narrow area that just became like the whole market and then it gets wiped out and look where we you could what? Put the chart back on. You know what this is? This is the end of uh Avengers Infinity War. Like uh Star-Lord and Iron Man and Spider-Man and Doctor Strange are like trapped on another planet

27:51somewhere just completely out of the game and all appears to be lost and then everybody else shows up ready to battle at like one after another. Look at this. energy stocks, staples, the drug makers, the biotechs, the banks. What What else you What ELSE WOULD YOU WANT? HOW ELSE WOULD YOU want to see this end? So, we had this crush from the microns, the Intelss. They sold the Sienna finally that they