Chart In Focus

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April 18, 2024

Total Number of Stocks Is Shrinking

The major averages may still be trending higher, but the total numbers of issues traded on the NYSE and Nasdaq peaked back in January 2022 and have been declining since then.  This is not a bullish sign for the financial markets. The Nasdaq market has looser listing standards than the NYSE, and so it attracts a larger number of total listings.  But ease of doing an IPO on the Nasdaq sometimes means marginal companies which should not come public do so anyway, and then struggle afterward.  For that reason, the Advance-Decline statistics for the Nasdaq have always had a bearish bias. … more


Past Charts in Focus

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