Stocks are on the verge of record territory, potentially representing the end of a stretch of futility that saw a sharp retreat from the peaks hit in the late summer and fall of 2018.
Indeed, Monday’s action marked the lowest full-day, total composite trading volume —roughly 5.7 billion shares—since Sept. 10, according to Dow Jones Market Data. In fact, Monday’s session was even eclipsed by the holiday-shortened Christmas Eve session’s turnover of 5.79 billion shares. “For the New York Stock Exchange, there has been a bit of hesitation to have full participation in the rally…with a decent amount of people on the sidelines,” State Street’s Bartolini said. He said those people who “missed the bounce back [since the December low] are waiting to see what happens on earnings season.”
The Value Line is used by many technical analysts as a measure of broad-market participation in rallies or selloffs because indexes like the S&P 500 and Nasdaq, which are market capitalization- weighted, can be skewed by bigger constituents like Facebook Inc., Apple Inc. AAPL, +0.36% Amazon.com Inc. AMZN, -0.17% Netflix Inc. NFLX, +1.58% and Google parent Alphabet Inc. GOOGL, +0.11% GOOG, +0.00% by virtue of their mega market values.“There is this debate on volumes.
Stock market VOLUMES lowest in months. Hmmmm. 🙄only 1%ers have money to blow, to gamble on this sham economy in favor of the wealthy designed by Republicans and libertarian fools.
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