Loading ...What I’m hoping – best case is that we are getting tax loss selling. If we’re in the beginning of the long awaited correction, the Nasdaq will crater first IMHO. It can’t take in a sniff of higher rates without falling and appears to be reacting to taper and rate hike talk. Powell has an even worse problem if he starts to taper and the SM craters, what’s he do then?
Interestingly, some high profile people have dumped substantial amouts of shares – The COO of Microsoft dumped half his holdings in the last month. Musk of course sold a bunch of his.
What do they know about what’s coming?