Breadth divergence is a troubling sign for the stock market

China’s central bank kept its key policy rates unchanged on Friday while injecting fresh liquidity into the financial market.

The People’s Bank of China held the interest rate of the one-year medium-term lending facility steady at 2.85% and the seven-day reverse repurchase agreement rate unchanged at 2.1%, according to a brief statement on its website.

Friday’s…

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