It was a rare painful day for the Nasdaq on Wednesday as the index fell more than 1% even as the DJIA traded up over 0.4%. For an index that was up close to 30% on the year heading into the day, Wednesday’s decline seemed even more extreme.
There haven’t been too many times in recent history where we have seen a similar divergence between the Nasdaq and DJIA. In fact, Wednesday was only the 7th time during the current bull market (since March 2009) where the DJIA was up on the day while the Nasdaq traded down over 1%. In our most recently released B.I.G. Tips report, we looked at how both the Nasdaq and DJIA performed following prior days where there were similar divergences. This report is a must-read. To see it, sign up for a monthly Bespoke Premium membership now!