Bonds Rally as NYSE, Nasdaq New Lows Climb to 175 and 188
Updated
Updated · TheStreet · Aug 18
Bonds Rally as NYSE, Nasdaq New Lows Climb to 175 and 188
3 articles · Updated · TheStreet · Aug 18
Summary
NYSE new lows rose to 175 and Nasdaq new lows to 188 even as bonds caught a bid, underscoring a defensive shift after the S&P logged a third straight down day.
Volume stayed heavy on the selloff—the NYSE and Nasdaq posted their busiest trading since last Thursday, while QQQ volume hit its highest level in weeks.
The McClellan Summation Index never confirmed the prior upside and now needs a net +1,200 advancers over decliners on the NYSE just to stop falling.
Interest rates remained the market’s focal point despite the bond rally, with PBS, The Wall Street Journal and The New York Times all highlighting the move, suggesting rate anxiety is spreading beyond trading desks.