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August 7, 2024

What This Bear Market Indicator is Saying

Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows the number of stocks hitting new 52-week lows. The 2022 bear market is captured in the first rectangle on the left, while the current selloff is in the smaller rectangle on the right. There’s still a huge gap between then and now. Yes, there was a substantial spike recently, but it has come down significantly. Does this mean the selloff is over? Not necessarily. But amid all the fear, it’s crucial to maintain perspective. Without it, you’ll miss the opportunities still out there. I explain more in the Insight of the Day.

August 7, 2024 No Comments

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