We're officially in a correction.

But here's what nobody's talking about:
📉 One big trade is unwinding across EVERY asset class
🏦 Institutions are selling the last hour — every single day
💡 And a few sectors are quietly refusing to break

Here are the 5 things you need to know this week. 🧵👇 Last week highlights:
📉 Official correction in both $SPY and $QQQ
💵 Bonds, gold, and equities all selling simultaneously — no safe haven anywhere
🔴 $BLK downgraded US equities AND dialed down risk across everything
⚠️ Equity risk premium getting WORSE as market drops — institutions aren't stepping in
🛢️ Crude posted one of the largest monthly moves in history — up 77% on its biggest single day ever

This is one trade. And it's not over yet.
Here's what that sets up 👇

“Did the Stock Market bottom?” To answer that is too analyze using technical analysis and make an educated guess. Simply it’s the wrong question. We tend to simplify the questions we ask. $SPY 🧵 Asking if we bottomed implies that if we bottomed stocks will simply push higher. The better question is to look at the current situation as a puzzle. The puzzle could be why are tech stocks underperforming or Why are home builders going higher. $SPY 🧵

In 2022 we have had varying accounts of the state of stock market and economy. Whether investment banks thought the Fed would slow down raising rates to if the stock market bottomed. 🧵 The investment perspectives were greatly varied. After reading 20 of the top investment banking2023 outlooks four themes were common in them. 🧵

The next winners of 2023 will be different than the 2020 boom. 2022 was one of the worst years of the stock market on record. We are below the 200 daily simple moving average for the $SPY for one of the longest times in history. 🧵 This leads us to took at the sectors that lead coming out of similar situations. the closest situation we have to the technology boom bust is 2000.🧵 $SPY

To the inflation being at a 41 year high crowd. It's been higher every year since 1950 except 2008. CPI is DOWN YoY to levels lower than Dec 2021