Are Complacent Investors Setting the Market Up for a Fast and Furious Decline?
The market is down, but investors aren’t scared. Does that mean there’s more downside to come?
Thursday’s After-Hours Advancers and Decliners
After-Hours % Advancers
After-Hours % Decliners
Position: None
Walmart Leaves Nowhere to Hide
Wednesday’s bond relief and biotech celebration lasted exactly one session.
Thursday’s Closing Market Stats
Closing Volume
– NYSE volume 9.5% below its one-month average
– NASDAQ volume 2.5% below its one-month average
– VIX index: up 7.39% to 15.99
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Downsized My Pepsi Long
I have reduced my $PEP position from medium-sized to small-sized after the nice run of the last week or so.
I plan to be a buyer on weakness.
Position: Long PEP (S)
Tweet of the Day
Position: None
No Trades Since the Open
I have done no trades in the regular session today.
I can’t remember the last time this happened.
Position: None
These 3 China Plays Show How Drastically Outcomes Differ Behind the Curtain
China would rather you focus on its tech sector than the conclusion of its Evergrande saga. But should you?
Bessent B.S.
Positions: None.
Key Levels for 9 Holdings in a Stressed Market
Market conditions and cash on hand will dictate if and when we make any moves.