Overview
Entering a period known for positivity in the stock market from December 19, 2024, to January 2, 2025, it is evident that recent times have not been favorable for average stocks and various sectors. Some attribute this downturn to tax-loss selling. However, even sectors and indices that were at all-time or 2024 highs are experiencing declines, ruling out tax-related reasons. The NYSE breadth recorded a negative figure of -1,611 on Tuesday as the trend of weak breadth persists. The NYSE advances/total issues ratio over the past twelve days has dropped to 39%, marking one of the lowest readings in two years. Notably, the weakest performing indices include NYSE, S&P 400, and S&P 600. Additionally, intriguing Commitment of Traders (COT) data along with concerning market trends have emerged recently.
2024-12-18 07:03:45
Source: finance.yahoo.com