When The Bull Market Leaders Get Shot A Bull Market Ends

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There is an old trader’s saying that when it comes to the financial markets that when the generals are shot a bull market is over.

What this means is that when a bull market matures in it’s final stage a few big stocks tend to overweight the averages and push them higher.

They become the bull market leaders and drivers, but when they break down the bull market is over.

Last week many of the generals got shot as the AI bubble got hammered hard.

Here is GOOG.