Getting ugly out there… Traders and hedge funds still very bullish… The pandemic super bailout convinced gamblers they should never capitulate and never sell.

getting ugly out there pic.twitter.com/eYHewcOMW0

— zerohedge (@zerohedge) March 21, 2022

$spx futures traders still very bullish pic.twitter.com/i3t6BaHP0x

— Álvaro Oviedo 🇺🇦 (@alvoviedo) March 21, 2022

Despite Expecting A #Recession, Hedgies Are Loading Up On #Stocks In A Big Way, Trying To Front Run The Eventual Powell Pivot On QE & Rates – Despite Plunging Economic Sentiment, Hedgies Are Positioning For Big Moves In Stocks t.co/3H2sZ3uYWK pic.twitter.com/BKvu6ksxKS

— Crush The Market (@crushthemarket) March 18, 2022

The pandemic super bailout convinced gamblers they should never capitulate and never sell.

That's how you get a market that is two years overbought and has collapsed breadth.

Each corrective rally ends lower. pic.twitter.com/AlzAQlIZ8E

— Mac10 (@SuburbanDrone) March 21, 2022

Bulls,

There are more than a DOZEN Fed speeches this week:t.co/8SOGebTnbD

Have fun pic.twitter.com/1FNuiJjkHG

— Mac10 (@SuburbanDrone) March 21, 2022

Tit-for-tat sanctions are causing further tightness in already super tight commodities markets…

Aluminum pic.twitter.com/uUkqp5Oc7m

— Wall Street Silver (@WallStreetSilv) March 21, 2022

$HYG OTM put IV shot up to 19ish today.

— Zaphod Beeblebrox (@AndysCycles) March 21, 2022