Positive views remain plausible even as the seesaw persists, and now totals thirteen straight days. Consider the total S&P500 change over this stretch of 13 days; its total advance is positive; it comes to .28 percent. Our diagram reveals how it has slowed since March 20, when the up-then-down began.
Nevertheless, these rates remains positive, and taking the .28 percent as a target, note that 38 percent of all days in this expansion had lower advance rates. Further, this proportion is near identical with the previous two expansions, when it averaged 40 percent. Finally, and in contrast, the 13 days rate of change averages for the two bear markets in this century are 62 and 68 percent.
While these data confirm a slowdown, they do not yet signal an end for this growth of values.
DJIA .33 percent
NASDAQ .57 percent
S&P500 .63 percent
