I’ve gotten insight from industry professionals who’ve told me that today’s drop in the NASDAQ was ‘a bit too much to bear’. Moreover, and this goes without saying, there will be an avalanche of redemption requests following yet another arduous day in the markets.
Tragic tragedies abound.
At the forefront of today’s decline was retail, down an earth shattering 0.6%. The blood letting in big oil is just around the bend too, with that index up a paltry 0.15%.
Inside Exodus, the algorithms haven’t flagged oversold just yet. However, should we get another ‘blood in the streets’ day tomorrow, I will not question whether or not we will see one. I am certain of it.
God speed.
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Front running Exodus now are we? lol
Saudi’s need 2 take control back from Russia over the oil market. God knows what they’ve been busy with these last few months
Whatever they’re doing is probably kept secret, except for the wars they’ve been openly involved in. Knowledge is power. Official stories about world affairs may be very different from what’s really happening under the surface. Although China wins first prize in being opaque, there are lots of countries that might tie for 2nd prize.
The horror… The horror…
NQ futures topped today. I am thereby short, of course.
It would easily have been a 0.05% loss if the Fed hadn’t mobilized the Plunge Protection Team.