SentimentEdge report

Jason Goepfert

1-06-2022 at 11:00 am

A record number of Nasdaq stocks have been cut in half

Despite the Nasdaq Composite hovering relatively close to its recent peak, nearly 40% of stocks on that exchange have been cut in half. Nearly two-thirds of them are in bear markets. This kind of behavior hasn't been seen since at least 1999, and it should be a good sign, but with a major caveat.

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