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Open Trading Implies Biggest-Ever Program Buying

EQUITIES

The week's U.S. equity open has seen not just a jump in major indices (DJIA +2.2%), but also implied the largest stock buying program in years - per the TICK Index (which records the number of NYSE stocks with a price uptick minus those with a downtick).

  • Today's open total of 2,083 individual names breaks the previous record of 2,049 names, set on May 18, 2020.
  • The latter was 2 months after equities had bottomed at the beginning of the pandemic.


NYSE Uptick - Downtick (TICK) IndexSource: BBG

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