Today’s Chart of the Day was shared by Andrew Thrasher (@AndrewThrasher). It's a chart of the S&P 500 over the past two decades, along with the % of S&P 500 Stocks at new 20-day lows. The S&P 500 closed at an all-time high for the first time in over a month yesterday. However, Andrew points out that more than 15% of stocks within the index made new 20-day lows. We haven't seen that many new lows while the S&P 500 is at a record high in more than 20 years. In other words, we're starting to see some signs of weakness develop under the surface despite record highs in the broader market.
Chart of the Day - Friday, June 11th, 2021
June 11, 2021
