premarkets a bloodbath once again
id imagine margin calls, for a second day in a row, could be continuing forced sellingits quite incredible because last year when this happened, you could point to tariffsthis time…hard to blame any one particular thingmy best guess is that markets are pricing in Warsh as a hawk for QT which is definitely leading to an outflow in speculation and high beta (like crypto) jobs data this morning isn’t helping…200K layoffs announced in December, most since 2009the brightline is that earnings growth across the board continues to be amazing but it’s almost like the market could care lessmaybe some reversal today out of sympathy but it is simply an ugly environment out there and we must reclaim certain levels to have a chance at broader recovery over the next monthSource: amit
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