Despite the S&P 500 nearing a record high while the median stock in the index is down 16%, Wall Street analysts largely anticipate the market's current divergence will resolve in favor of a broader bull run. Goldman Sachs notes market breadth is at its weakest since the DotCom Bubble but believes it's not a warning sign, favoring the S&P 500 to move higher in the next 1-3 months. Morgan Stanley suggests that while higher rates impact average stocks, their de-rating has outpaced earnings deterioration, leaving room for a catch-up if yields stabilize. Deutsche Bank downgraded the tech sector but predicts a tech reset will open opportunities for other sectors and small caps to rise.