474.190High462.510Low58.82MVolume473.820Open480.620Pre Close27.56BTurnover9.93%Turnover Ratio--P/E (Static)592.30MShares503.52052wk High--P/B274.46BFloat Cap340.48852wk Low2.90Dividend TTM592.30MShs Float503.520Historical High0.62%Div YieldTTM2.43%Amplitude16.158Historical Low468.520Avg Price1Lot Size
$Invesco QQQ Trust(QQQ.US)$ $Tesla(TSLA.US)$
It might not look like much but the regime just shifted.
What is this chart ?
It shows the change in the S&P 500 in % from a 1 daily standard deviation *rise* in US real GDP growth, holding all other factors constant (I.e the sensitivity of SP500 to US real GDP)
This was bobbling around in negative territory ("bad news is good news" regime).
Now it has turned positive ("bad news is bad news")
[How ...
If the market trades lower, CTAs are projected to sell more than $7 billion worth of equities.
$Vanguard S&P 500 ETF(VOO.US)$ $SPDR S&P 500 ETF(SPY.US)$ $iShares Core S&P 500 ETF(IVV.US)$ $Invesco QQQ Trust(QQQ.US)$ $Invesco NASDAQ 100 ETF(QQQM.US)$
$Meta Platforms(META.US)$ $Netflix(NFLX.US)$ $Alphabet-C(GOOG.US)$ $Microsoft(MSFT.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$ $NVIDIA(NVDA.US)$
Eur usd rising, cad usd rising, looks like bounce up.
And was just fake for now.
But still time to open, to asses further.
$Invesco QQQ Trust(QQQ.US)$
$Apple(AAPL.US)$
$Microsoft(MSFT.US)$
market wants down before earnings, otherwise risk of an all out crash on disappointment is too high.
For risk control, going down means not being euphoric and gives the option to be positively surprised.
We will see, for now, market seems to pave it's way further down.
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