Russell Red, S&P 500 Yellow, Nasdaq Yellow
Short covering may start in this next hour, but we had a huge swell in small-cap selling and broader weakness in the S&P 500.
Good morning:
War paint on… We may be on the verge of a bigger shift…
I get the sense that this isn’t going to be prolonged weakness in the S&P 500 side (think September 2024), but anything’s possible when you see the ongoing weakness in the small-cap and the cyclical names. The narrative is shifting…
We’re now seeing ONLY real estate stocks and utilities…
