An October Surprise Damages Tech

Presidential Covid-
--covid may have been the catalyst but the outcome was sell tech.
--correlation breakdown
--no diversification
--where was the rush to bonds?

Unexpected divergence-
--IWM ripped EM... in all directions!
--XLF
--XLE
--QQQ whacked and where is the vol?

Bounce and Fade is working-
--LULU
--NVDA
--IWM?

SPX Expected Move
--last week-- 87.75 (expected move)
--next week-- 89.70

Spread the love

Comments are closed.