2026 on Track for First Year in 30 Years With Zero 80% NYSE Downside Days
The NYSE has not yet recorded a session in 2026 where 80% or more of volume came from declining stocks, a rare streak compared with historical averages.
2026 is currently on pace to become the only calendar year in at least 30 years without any 80%+ NYSE downside-volume days. A downside-volume day occurs when at least 80% of NYSE trading volume comes from declining stocks, signaling unusually broad-based selling pressure.
Historical comparisons highlight how unusual the current stretch is. During the 2008 financial crisis, the NYSE recorded 49 such days, while the 2022 bear market produced 33 and last year had 9. Since 1997, the average has been about 21 downside-volume days per year, and no calendar year has ever recorded fewer than 5.
According to The Kobeissi Letter, broad-based selling pressure has been almost nonexistent so far in 2026, leaving the market more resilient than ever.
Source: The Kobeissi Letter