25 Jul 2024
The last time Tech stocks were at these levels relative to the S&P500, Tech stocks crashed, particularly relative to the rest of the market.
Source: J-C Parets
25 Jul 2024
One for the Bulls... As shown below, during this tech pullback, forward 12-months EPS in tech has actually ticked higher.
So you could argue that this is mostly a positioning and sentiment pullback, especially in tech... Source: Bloomberg, RBC
25 Jul 2024
CTAs will dump stocks over the next week in EVERY SINGLE SCENARIO warns Goldman Sachs.
If the market trades lower, CTAs are projected to sell more than $7 billion worth of equities.
25 Jul 2024
Never forget 👇
Source: Barchart
25 Jul 2024
The Magnificent 7 dropped by more than $750 Billion yesterday
Source: Evan, Yahoo Finance
25 Jul 2024
Bulls praying to Lord Powell for a rate cut next week
Source; Barchart
25 Jul 2024
Thank you Crowdstrike... that's soooo king of you....
Source: Barchart
25 Jul 2024
The S&P 500 yesterday ended a streak of 356 trading days going back to February 2023 without experiencing a one-day drop of 2% or more.
This was the longest streak since we went 949 trading days from May 2003-February 2007 without one! Source: Bespoke
