"30 S&P 500 stocks hit new lows, while only seven reached fresh highs. The last time the index advanced at least 1% to within 1% of a new 52-week high as new lows outnumbered new highs was December 21, 1999, a few months before the Dotcom Bubble top."
"“The leadership is battling against weaker performance in the near term, and what has been selling off, so the creation of new lows has an easier glide path than the creation of new highs with today’s leadership,” he said."
"30 S&P 500 stocks hit new lows, while only seven reached fresh highs. The last time the index advanced at least 1% to within 1% of a new 52-week high as new lows outnumbered new highs was December 21, 1999, a few months before the Dotcom Bubble top."
"“The leadership is battling against weaker performance in the near term, and what has been selling off, so the creation of new lows has an easier glide path than the creation of new highs with today’s leadership,” he said."
Well, that's totally clear, then.
Anyone that can predict this will not be sharing it for free online