Profile picture
fred hickey @htsfhickey
, 4 tweets, 1 min read Read on Twitter
Dow Industrials down 7 consecutive days & futures point to another down open while FANG-driven Nasdaq continues to hit records. Dow 2000 points down from late-Jan. peak (S&P peak too). My May 4 newsletter subsection title: "In the First Phase of the Bear, Tech Investors Rotate"
From that section: "Since most tech investors in the first phase of the bear are not anywhere near ready to abandon tech stocks(that will come later), they'll do what they've done in the past...rotate into the "invincible" tech stars." Happened in 1990,2000 & 2007(prior 3 bears)
Since the "invincible" tech stars continue to hit records, few notice the broad deterioration in overall stock mkt. The bulls don't see they're already several months into a bear market - this time driven by the obvious catalysts of higher interest rates, QT, & a global trade war
And they'll do one more thing: they'll verbally abuse anyone who has the temerity to stand up and declare: This emperor has no clothes - all the classic signs and catalysts of a (long overdue) bear market are in place - and you're ignoring them. Well, consider yourselves warned.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to fred hickey
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!