Bloomberg – Why Chart Watchers Are Skeptical of S&P 500’s New Record http://www.bloomberg.com/news/2014-05-13/why-chart-watchers-are-skeptical-of-s-p-500-s-new-record.html
In this interesting article on Bloomberg, there is evidence of a top in the stock market.
Long story short the reason for this market call stands on the lagging of the small cap sector to the large cap. I’m not so sure this could be also a rotation normal to the stock market as the large cap have lagged the small cap ’till recently,.
A major shift I also noted is the rotation from growth to value.