* The U.S. Stock Market is beginning to look as vulnerable as it was in 1974 (Nifty Fifty) and 2000 (https://t.co/kyaXDnq5WV) – similar periods of narrowness in market leadership and participation
* The supporting actor in this cycle is market structure – in which traders,… https://t.co/V4VjlInhET— Dougie Kass (@DougKass) July 2, 2024
though we did see other troughs in participation (two-tiered markets) just before the 1973-74 collapse, the 81-82 bear market, the 2000-2002 collapse, a 7-year low (though above 40%) before the 2007-09 collapse, and another before the early 2020 plunge.
It's probably nothing. https://t.co/Fep62e8gpi
— John P. Hussman, Ph.D. (@hussmanjp) July 2, 2024
Dow jones
Update .
Volatility candle depicted .
Brutal sell off pending . https://t.co/NzmQorF9VW pic.twitter.com/QE9q4DnqGY
— The Great Martis (@great_martis) July 1, 2024
This is not a healthy market.
The Nasdaq Composite scored another new high on Monday.
But fewer than 40% of stocks advanced, and there were more new lows than new highs.
It joins only a few other sickly markets as precedents. pic.twitter.com/sYXJD3JWwY
— Jason Goepfert (@jasongoepfert) July 2, 2024
44% of small caps are unprofitable – close to GFC levels pic.twitter.com/puyXGRmA24
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) June 30, 2024
What just happened in the bond market?
The 10-year note yield is now up over 20 basis points in since Friday's intraday low.
That's 20 basis points in a matter of hours without any material news.
For the first time in almost 5 weeks, the 10-year note yield is set to break… pic.twitter.com/XPz1RoVlTz
— The Kobeissi Letter (@KobeissiLetter) July 1, 2024
James Turk: The Coming Global Collapse Will Be Far Worse Than 2008