Opinion: The Dow and the Nasdaq are diverging. Why that’s honey for stock market bears

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

OPINION: It’s not a good sign that wide divergences between the Dow Jones Industrial Average and the Nasdaq Composite have become almost commonplace, Mark Hulbert writes.

It’s not a good sign that wide divergences between the Dow Jones Industrial Average DJIA, +0.67% and the Nasdaq Composite Index COMP, +1.44% have become almost commonplace.

Such broad divergences historically have been quite rare. Since the Nasdaq Composite was created in the early 1970s, just 12.8% of the trading days experienced such a wide divergence as investors experienced this week. So far this year, in fact, the proportion of these 1.0%-plus divergences has been 34% — almost three times greater. As you can see from the chart below, this year’s percentage is the highest on record except for the years associated with the internet bubble.

Interestingly, this inverse correlation showed up in the data regardless of whether the divergence was created because the Nasdaq outperformed the Dow, or the other way around. It is the divergence itself that appears to be bearish. And let there be no doubt that retail trading volume is surging. Charles Schwab, the giant discount brokerage firm, reported earlier this week that it added 3.2 million new accounts in the first quarter, more than for all of 2020. Barron’s estimated that the Robinhood app was downloaded more than 3 million times in January alone.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

OPINION: the Dow is a useless index

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Oatly Shares Jump in Market DebutThe Swedish oat-milk maker’s stock opens 30% above its IPO price on the Nasdaq Stock Market.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

Here's Why Experts Think The Stock Market Could Rip Higher As Stocks Test New HighsHere's why experts think the stock market could rip higher as stocks test new highs:
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »

Here's Why Experts Think The Stock Market Could Rip Higher As Stocks Test New HighsHere's why experts think the stock market could rip higher as stocks test new highs: We offer a very safe investment proposal where you can earn 20-25% profit weekly without sending us your capital,kindly reply if you're interested Trump did it! experts..... haha
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »

Here’s Why Experts Think The Stock Market Could Rip Higher As Stocks Test New HighsHere's why experts think the stock market could rip higher as stocks test new highs: white looters keep getting richer
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »