It’s Friday the 13th, but the bulls should be feeling a bit lucky, given the S&P 500 stands at a five-month high. Sure, today’s earnings from big banks could cast a hex on this market. Plus, we’ve got that U.S.-U.K. “special relationship” turning extra special. But our call of the day may embolden the bulls. It tackles a hot topic — this FAANG-tastic stock market’s top heaviness — and it comes from A Wealth of Common Sense’s Ben Carlson, who also throws a bone to the bears. “The stock market is not currently being driven by just a handful of stocks,” writes Carlson, Ritholtz Wealth Management’s director of institutional asset management. One “tell-tale sign that this isn’t the case” comes from the fact that small-cap stocks are outperforming this year, he says. The small-fry Russell 2000 is up 10% in 2018, besting the S&P’s gain of 4.7%. Carlson also points to a key indicator for market breadth — the NYSE Advance-Decline Line. He offers the chart below that plots that gauge’s moves alongside the S&P’s action. via