Amid the surge of US stocks, ominous signs emerge. Is the low selling pressure indicating an imminent pullback?
According to the Zhixun Financial APP, in the United States stock market, as new highs are repeatedly set, sellers are becoming scarce. This may be a sign that the market is excessively confident. The S&P 500 index hit a record high five times in the past nine trading days. However, according to data from Thrasher Analytics, in the past month, the trading volume of declining stocks accounted for only 42% of the total trading volume on US stock exchanges, the lowest level since 2020.
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