Syz the moment

Have we seen "capitulation" yet? Source: Stansberry (Greg Diamond).

In Case You Missed It ... A Short Jim Cramer ETF Was Filed with the SEC. Tuttle Capital Management via Northern Lights Fund Trust IV filed last week for an 'Inverse Cramer ETF' and 'Long Cramer ETF'. The proposed ticker for the short Cramer ETF is SJIM and for the long Cramer ETF is LJIM. Source: steetinsider, tuttlecapital

Wall Street banks slash $34bn from earnings forecasts for big companies. Analysts are expecting companies listed on the S&P 500 index to post earnings-per-share growth of 2.6% in the July to September quarter, compared with the same period a year earlier, according to FactSet data. That figure has fallen from 9.8 % at the start of July, and if accurate would mark the weakest quarter since the July to September period in 2020. Source: FT

Dow Jones volatility is now ABOVE bitcoin volatility (using last 10d realized)... Source: BofA

Nasdaq 100 ETF ($QQQ) at a critical juncture. A break from its current support could accelerate the downside. Source: Bloomberg, Crescat Capital

Third-quarter earnings season begins next week with several big banks reporting; Citigroup, JP Morgan Chase, Morgan Stanley all set to report. Source: Earnings Whispers

S&P Performance from November through April in Mid to Pre-election Years. Source: waynewhaley

Cross-assets chart of the day: real estate (Dow Jones US REIT index) expressed in commodity prices ($REIT:$CRB). Will the asset rotation last? Source: Tuur Demeester