With the $USD short squeeze underway, various parts of the stock market are correcting — some more than others.
We expect Emerging Markets $EEM to be under some serious pressure, considering the index doubled from March to March and traded as high as 33% above its 1-year mean.
We expect Emerging Markets $EEM to be under some serious pressure, considering the index doubled from March to March and traded as high as 33% above its 1-year mean.
Another one worth watching is the S&P small caps. $IJR
Followers will remember our bullish call during the Covid panic.
The situation has completely changed!
The index traded almost 50% above the 1-year mean. We believe it will probably crash by 20 to 30% from here.
Followers will remember our bullish call during the Covid panic.
The situation has completely changed!
The index traded almost 50% above the 1-year mean. We believe it will probably crash by 20 to 30% from here.
Finally, focusing on the S&P Energy small caps. $PSCE
From October 2020 to March of this year is a rally for the history books.
The index rallied a staggering 90% above its 1-year mean.
Folks, markets are mean reverting and gravity is real. Expect some serious downside here.
From October 2020 to March of this year is a rally for the history books.
The index rallied a staggering 90% above its 1-year mean.
Folks, markets are mean reverting and gravity is real. Expect some serious downside here.
A lot of sectors could correct meaningfully after a fantastic run over the last 12 months. Broad stocks face several headwinds including:
• strongest insider selling since 2007 top
• US dollar short squeeze might bounce sharply
• oversold Treasuries might bounce sharply
• strongest insider selling since 2007 top
• US dollar short squeeze might bounce sharply
• oversold Treasuries might bounce sharply
• • •
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