This is ugly at the index level but still "orderly," rotational underneath. A third of the market is up today, the equal-weight S&P 500 off just 0.4%.
Question is whether this is what you want if looking for the conditions for a good bounce, or if it's better to reach a "no place to hide" moment.
Question is whether this is what you want if looking for the conditions for a good bounce, or if it's better to reach a "no place to hide" moment.
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Recession then? Well some of the Mag7 have the best balance sheets going.
Apple down 13 bucks today and that’s with the $110B share repurchase prog!
Those stocks got crazy expensive and crowded without much connection to macro, now they're getting blitzed for reasons other than macro. Not complicated.