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Bullish market timer Tom McClellan turns bearish after NYSE sees over 1,000 net decliners.

Market News
04 May 2026
Market Watch
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Bearish
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Tom McClellan, editor of the McClellan Market Report, switched from a bullish to a bearish outlook after the NYSE recorded more than 1,000 net decliners on Monday, far exceeding his threshold of 241. This shift comes despite the S&P 500 and Nasdaq-100 recently hitting record highs. McClellan's change signals caution for investors as the market shows signs of potential weakness following a broad pullback in stocks.

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