Another myth that’s circulating is that hedge funds and institutions are bearish and waiting to buy stocks. However, they were TWICE as bearish in August 2008 and yet still the market crashed in the Fall.

by BoatSurfer600

Baltic Dry Index pic.twitter.com/VnL0W989DD

— Win Smart, CFA (@WinfieldSmart) August 18, 2022

“Super 7” certainly not behaving monolithically in latest rally pic.twitter.com/4yTWL7Ksud

— Liz Ann Sonders (@LizAnnSonders) August 18, 2022

$ndx overbought pic.twitter.com/6YiBAnxCee

— Álvaro Oviedo 🇺🇦 (@alvoviedo) August 18, 2022

4.6% drop in ocean freight rates this week, biggest drop in awhile: pic.twitter.com/NjfGgpJmE9

— Conor Sen (@conorsen) August 18, 2022