Momentum Monday – Will The Correction Become A Bear Market?
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A very dark, not quite Black Monday, that was.
Last night as Ivanhoff and I were going through the charts it felt pretty obvious this week could start bad (scroll down if you want to go right to the video). People are stuck in the wrong stocks right now. That is part of the fear that has been accelerating along with the selling in growth.
For weeks I have been harping on the ‘deglobalization’ and historically what it has meant. Today, was more of the same. Charlie’s chart shows you what ‘deglobalization’ and tariffs mean as money moves …
Today I was watching the Robinhood ( $HOOD ) , Tesla ($TSLA) and Palantir ( $PLTR ) streams on Stocktwits (the which has been pretty bearish the last few weeks) and though still bearish, you can see too many people trying to call a bottom. I have way too many smart friends that own the Nancy Pelosi ‘stock tracker, which is the dumbest thing I have heard of in many years. Again, Charlie has a great chart that shows you how everyone seems to be in the same trade…which has quickly stopped working…
After today, the decline is getting serious…
In 2009 we were coming OUT of the Great Financial Crisis. This time our leadership seem to be looking for one with ‘deglobalization’, tariffs and shameless billionaires acting above the law.
Does it matter to Elon or Jeff Bezos or Zuckerberg if their stocks are down 30-50 percent in the intermediate term? No.
Investors are not panicking out of stocks in general, just the stocks that everyone got used to owning the last 15 years.
Ivanhoff and I do tour some of the stocks and sectors holding up the best. Hope it helps…
Welcome back to Momentum Monday!
In today’s episode of Momentum Monday, Ivanhoff and I discuss the following:
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Market Decline and Momentum Leaders
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Market Trends and Defensive Sector Rotation
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Market Instincts and Defensive Shifts
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Navigating Volatile Market Conditions
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Elon Musk, Starlink, and Market Dynamics
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Navigating a Tactical Market: Strategies and Expectations
Reminder: Riley on my team created the ‘Trends With No Friends’ email which is my go to list every day to track what is working and what is not. You can get it for free here.
In This Episode, We Cover:
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Market Decline and Momentum Leaders (0:00)
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Market Trends and Defensive Sector Rotation (3:30)
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Market Instincts and Defensive Shifts (5:35)
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Navigating Volatile Market Conditions (8:28)
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Elon Musk, Starlink, and Market Dynamics (11:24)
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Navigating a Tactical Market: Strategies and Expectations (14:02)
Here are Ivanhoff’s thoughts:
And here are the charts discussed:
PS – Here is the latest ‘Trends With No Friends’ which covers ‘new highs and new lows’ and measures the followers (friends) on Stocktwits versus the prices. Subscribe here.
