The complexion of the market has changed.

Anglo_pride

Anglo_pride

The complexion of the market has changed. Stocks are now selling off on good news. The high flying high beta have peaked and started selling off a few weeks ago ( HUBS, SNOW, NOW ). These types were also the first to top out in late 2021. Now they are hitting the semi’s.
I think the AI mania did not meet earnings expectation and we also now have yields rising. A lot of leaders broke below their 50 dma. How am I making money? Finding set ups and getting out quickly.
 
Anglo_pride said:
The complexion of the market has changed. Stocks are now selling off on good news. The high flying high beta have peaked and started selling off a few weeks ago ( HUBS, SNOW, NOW ). These types were also the first to top out in late 2021. Now they are hitting the semi’s.
I think the AI mania did not meet earnings expectation and we also now have yields rising. A lot of leaders broke below their 50 dma. How am I making money? Finding set ups and getting out quickly.
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A couple of years old, but still relevant.

https://www.theglobeandmail.com/inv...nnected-from-the-economy-clean-energy-stocks/

You can't trade news anymore, there's too much concentrated capital in a few hands. They unload slowly to not trigger any circuit breaker, but they still determine where the market is going.
 
Looks like the strangest rally I've seen since the post-Brexit rally is officially over. Multiple regional banks collapsing was the trigger for the liquidity driven rally since March 13. The poster child for worthless stocks rising is Carvana. Of course we can't forget bankrupt companies like Tupperware & Yellow. The memesters will buy anything with liquidity and a low price.
 
nitrene said:
Looks like the strangest rally I've seen since the post-Brexit rally is officially over. Multiple regional banks collapsing was the trigger for the liquidity driven rally since March 13. The poster child for worthless stocks rising is Carvana. Of course we can't forget bankrupt companies like Tupperware & Yellow. The memesters will buy anything with liquidity and a low price.
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None of it matters. Buy apple.
 
Anglo_pride said:
The complexion of the market has changed. Stocks are now selling off on good news. The high flying high beta have peaked and started selling off a few weeks ago ( HUBS, SNOW, NOW ). These types were also the first to top out in late 2021. Now they are hitting the semi’s.
I think the AI mania did not meet earnings expectation and we also now have yields rising. A lot of leaders broke below their 50 dma. How am I making money? Finding set ups and getting out quickly.
More...

The market isn't selling off it's sector rotation.
 
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