This has really been a death by a thousand cuts correction for the last four years. No real capitulation has been seen at least in the sense of what we’ve seen in the past. We’ve had a lot of huge volume down days but really never a huge volume reversal, which is different from what we’ve seen in the last ten years.
The pressure is as constant as I’ve ever seen it, especially in the last year. The question that keeps circulating in my head is “what are they so afraid of”? Why are they working so hard to shake the tree?
You have a great weekend as well.