The S&P 500 is down around 1.3% and volatility is up - nearly 9% for the day, in fact.
THE CHOP is back, baby! Big-time.
And we’re perfectly positioned for it, too.
The sell-side activity we’ve seen today came from bigger fish out there, which is one reason why the Nasdaq isn’t doing anywhere near as “well” as the S&P 500 today. It’s bled out more than 2%.
Take Nvidia; it’s down more than 5% for the day. Tesla, which has been on the quintessential rip-your-face-off ride for the past few days, is also down more than 5%. The sellers came for these right out of the gate this morning and didn’t stop.
Meta, Google - I could go on. What happened when these names got caught up is a domino effect; it started to tip other major sectors. Financials had a nice bid under them - BAM! Gone.
Let me show you just how we’re fixed up to take advantage of this and what we might expect as we move into the back half of the week…
Risk Comes Raging Back - Here’s What to Do About It
