Notice what did NOT rise today: BlackRock
I asked the Tent a few days ago whether this is the biggest canary in the coal mine.
https://finance.yahoo.com/quote/BLK?p=BLK&.tsrc=fin-srch
Lower lows and lower closes, everyday, INCLUDING TODAY, since 2/17/2022
11/12/2021 high: 973.16
2/24/2022 close: 731.79
The big money is what will drive the Fed.
Not too long ago, we were asking: 5 rate hikes or 8?
Today, in the shadow of the Russia-Ukraine crisis, the question is back: will the Fed raise rates at all?
GL
Good point Sir GL
Must be on our radar
Short cover rallies today IMO
Yes, Sir Fully.
We came soooo close to the 52-wk lows for Nasdaq
12587.88 is just 1.539% above 12397.05
Mar 05, 2021 12,860.04 12,941.21 12,397.05
Shorts massacred in tech.
Longs are trapped.
Let’s look at Meta/FB
52 Week Range 190.25 – 384.33
Why the desperate save today? AAPL next?
https://twitter.com/GarethSoloway/status/1496628891557019661
Another tech darling, ZS, rode the “short covering rally” today.
After hours?
https://finance.yahoo.com/quote/ZS?p=ZS&.tsrc=fin-srch
GL