The indices soared [on Wednesday, November 6] while the average stock did not. It was one of the worst-ever days for participation on a day the S&P 500 jumped more than 2.5%.
On the NYSE, fewer than 70% of issues rose, and less than 70% of volume flowed into those issues. This has only happened 3 unique times - the aftermath of the 1987 and 2020 crashes and around the 2000 peak.
S&P 500 after a >2.5% gain with less than 70% NYSE up issues and up volume.
On the NYSE, fewer than 70% of issues rose, and less than 70% of volume flowed into those issues. This has only happened 3 unique times - the aftermath of the 1987 and 2020 crashes and around the 2000 peak.
S&P 500 futures after gapping up more than 1% the day after the US presidential election.
On track for only the 3rd gap up of more than +1% the morning after an election since the inception of S&P 500 futures.
The other two were pretty, pretty good.
