Last time large cap had this big a valuation premium over mid/small cap was 1999.
They hit the generals last… pic.twitter.com/SXWqwBixFP
— Endless Capit🅰️l (@endless_frank) January 27, 2022
$IWM could not get out of its own way, after trying to re-test pivotal resistance, a more hawkish presser than the market anticipated sent rates soaring and small caps tumbling down. At this point the weekly chart really does appear to be a larger scale rolling top. pic.twitter.com/eb1HAfjFBP
— Markets & Mayhem (@Mayhem4Markets) January 26, 2022
What a gong show.
Bulls gave up another massive rally. The third key reversal in three weeks.
The last two ended lower. Not a prediction, merely an observation.
Kissing the 200 dma (red line) goodbye…
— Mac10 (@SuburbanDrone) January 26, 2022
There are so many people who want everyone to take MAXIMUM risk, I figure why not be different?
30 day NDX down volume is at a decade high aside from March 2020. pic.twitter.com/yaLXcF6GVP
— Mac10 (@SuburbanDrone) January 27, 2022
Every pundit tells me don't worry BTFD, this is not a crash. And, if it were a crash the Fed will mail me a check for my losses.
Sure.
This is the XLY weekly w/dollar volume. Note it has already traded more down volume than in March 2020.
And, this is only Wednesday pic.twitter.com/o0DZ01p2AZ
— Mac10 (@SuburbanDrone) January 27, 2022