$ndx in bear market -20% pic.twitter.com/4a0UMRwqNU
— Álvaro Oviedo (@alvoviedo) February 24, 2022
A year of gains are now gone in the Nasdaq. pic.twitter.com/y08DRSbcn5
— Mac10 (@SuburbanDrone) February 24, 2022
Tech went green briefly, cyclicals getting smoked. A clear sign that hedge funds are deleveraging. Short Tech/long cyclicals is a consensus trade.
Bears rising in the sentiment polls, but no sign of capitulation by speculators.
The reflation trade is OVER. pic.twitter.com/prEcFE4dpb
— Mac10 (@SuburbanDrone) February 24, 2022
The World ex-U.S. is bidless. pic.twitter.com/XF7FhACorC
— Mac10 (@SuburbanDrone) February 24, 2022
$spx IPO activity pic.twitter.com/vZvlRJycAj
— Álvaro Oviedo (@alvoviedo) February 24, 2022
Too many bulls, record high $DIX readings, still net positive flows into U.S equity ETF’s this past week ~3b, and YTD now +45b.
Corrections don’t bottom when institutional and retail are doing nothing but buying.
15-20% to go down SPY/QQQ.
— Endless Capit🅰️l (@endless_frank) February 24, 2022
The S&P 500 just broke its head and shoulders pattern that has been forming since September ’21.
This 12% year-to-date drop could still very well be just the beginning. pic.twitter.com/yS24cUTN3J
— Maxwell Fischer (@SonicFischer) February 24, 2022