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Show Notes
Breadth
85 new highs
341 new lows
18% advancing
78% declining
Pre market selloff. fought back
The strong retail sales was interpreted as strong consumer, and maybe uncle Powell has to stay higher for longer on rates.
That was the day in a nutshell.
12:03pm
Mike Maloney. Video showing rates have never ascended this high as rate of change. Even in 70s.
Buffet Berkshire buys
Strong
$EXTR pretty much even
$NVDA
$LYFT up 3.78%
$VIX 10.93%
Weak
Everything
All sectors red
$JPM down
What to watch
FOMC Minutes and reaction on Wed
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