Market Miscalculations: A Cautionary Tale of New Lows and False Strength The recent market surge, marked by a 2% jump in the Nasdaq Composite and a new record high for the S&P 500, has many investors breathing a sigh of relief.
However, beneath this surface level success lies a more insidious trend: an alarming number of stocks falling to new 52 week lows.
According to Jason Goepfert's analysis, Monday marked the first time since December 21, 1999, that the S&P 500 advanced at least 1% while new lows outnumbered new highs.