The average stock on the Nasdaq bounced over 40% off it’s lows this summer.
That’s a serious squeeze.
But let’s remember that a lot of that stuff is junky and had gotten crushed, so of course they’ll have strong bounces.
Over on the NYSE, the average bounce has been less pronounced but still got into the high 20s in percentage terms.
So today let’s take a look at how each of the S&P Sectors have performed since the list of NYSE new lows peaked 2 months ago: [Read more…]