Wasteland of Stocks
5 years historical data:
Three of this week’s five sessions landed among roughly the 25 lowest-volume normal SPY sessions of the last five years. Tuesday and Wednesday were around the 5th- and 6th-lowest.
Mon Aug 24: ~31.9M — roughly 21st-lowest
Tue Aug 25: ~27.0M — roughly 5th-lowest
Wed Aug 26: ~27.3M — roughly 6th-lowest
Thu Aug 27: ~34M — still extremely low
Fri Aug 28: ~33M — roughly 23rd-lowest
VOLUME THIS WEEK
~30.7M AVG/DAY
~40% BELOW NORMAL
How about Covid lockdowns?
compare that with 2020:
Full-year 2020 average: about 100M/day
March 2020: roughly 269M/day
April 2020: roughly 134M/day
May 2020: roughly 96M/day
Even August 2020, once markets had calmed considerably, averaged about 49.8M/day.
And the actual quiet August 2020 weeks were still much busier:
Week of Aug. 3: 238.7M total, ~47.7M/day
Week of Aug. 17: 239.6M, ~47.9M/day
Week of Aug. 24: 244.5M, ~48.9M/day
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