The SP500 clawed back earlier losses on Monday to end the session higher after briefly touching six-month low.
However, the tape wasn't all that bullish despite the big reversal. Indeed, Tech completed a top relative to $SPY while defensive stocks completed a bottom. Not the kind of risk appetite you want to see on a rally. Source: Steven Strazza
🔴 They really waited until the last 10 minutes..
Yesterday's "Market On Close" buy imbalance (for pension buying) was the highest on record (source: Goldman) Source: GS, www.zerohedge.com
Don't stop investing.
Drawdowns and crashes are the best period to invest Source: Personal Finance Club
Here are the current largest holdings in the NASDAQ 100 $QQQ
source : evan, finchat
Foreign investors withdrew ~$6 BILLION from US equity funds last week.
This is the the 3rd largest amount on record and in-line with levels seen during March 2020. source : BofA, kobeissiletter
Insane 🤯
Source: Dividend Talks on YouTube @DividendTalks
"Nothing good happens below the 200-day moving average."
— Paul Tudor Jones Source: Tavi Costa on X
Tom Lee: Conference Board shows largest ever plunge in stock expectations, which is a contrarian buy signal
Source: Mike Zaccardi, CFA, CMT 🍖@MikeZaccardi, FundStrat
