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  • 3 Crazy Statistics for the Wildest Day of Trading Since 2009

    Posted by Thomas Atkinson

    AFSL licenced within Australia

    Historically this is the quietest week of Trading during the year but this year things are different.

    One day after the S&P 500 suffered it’s biggest Christmas Eve rout on record the S&P 500 Index has enjoyed a 116.6 point surge. This move makes it the biggest percentage rebound since March of 2009 when QE1 was announced and the market jumped 7% compared to the 4.96% experienced last night.

    So lets take a look at some of those crazy market stats in the aftermath of last nights Boxing Day Trading Session.

    Market Statistics:

    There were three other “crazy market statistics” as Bloomberg dubbed them, that defined today’s market actions:

    1. All three major U.S. indexes gained at least 4% on Wednesday: That was the first time the market had such a widespread bounce since 2009. Additionally, both the Dow and the S&P came a just hair shy of topping 5% on the day.
    2. The Dow’s performance perfectly mirrored its last trading day: on Monday, all 30 Dow member stocks finished in the red. Today, all green. That was the first time that has occurred since 2015 and just the 10th time since 2000.
    3. For the first time on record, more than 500 of the S&P500 stocks finished in the green according to Bloomberg data; specifically 99.8% of stocks advanced (For the purists, there are currently 505 stocks in the S&P 500.) The previous record, at least as far back as 28 years ago, was 99.6 percent in 2011, or 498 stocks out of 500. Just one stock of the 505 closed red: Newmont Mining. Today’s other big loser: gold itself, which gave up all earlier as the dollar unexpectedly surged from session lows and is once again just shy of its 2018 highs.

    S&P 500 Chart:

    2019 & Beyond:
    The end of the year is fast approaching but it looks like January to March of 2019 will be set for volatility with China Trade Deals, US Federal reserve meetings and the US Shutdown/Debt Ceiling becoming the focus for each large market move.

    Picking a Trading Broker:

    Our Broker Choice: One of the brokers we recommend at FX Evolution is Pepperstone. You can Click Here to find out more information.


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