Analysis: The resilience of US stocks in 2026 may hit a record of nearly 30 years, and there has been no extreme sell-off

Comparing news, The Kobeissi Letter said on the X platform that the US stock market showed unprecedented resilience in 2026, and may now be the first full year in at least 30 years without a “80% or more drop in volume day” on the New York Stock Exchange (NYSE).

The so-called “80% + NYSE downside-volume days” (80% + NYSE downside-volume days) mean that at least 80% of the trading volume on the NYSE came from falling stocks on that day, which is generally seen as an important sign of widespread selling pressure in the market.

The data shows that during the 2008 global financial crisis, the NYSE had 49 such trading days; 33 during the 2022 bear market; and 9 times in 2025. Since 1997, the indicator has averaged around 21 times per year, and has never before been less than 5 times in any full year.

Kobeissi Letter pointed out that up to now, there has been almost no widespread selling pressure in the 2026 market, indicating that investors' selling behavior is relatively limited, and the market structure has shown strong support. Currently, the US stock market shows “unprecedented resilience,” but this phenomenon also means that market risks may be more concentrated on potential future liquidity changes or emergencies.