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Tech Wrecks And Russell Roars As US Dollar Dead-Cat-Bounce Dies
After an unexpected plunge in Small Business Optimism, buyers of Small Cap stocks were in a world of their own today as the rest of the majors traded together... chart "Mad, Mad World" indeed... Nasdaq clung to unchanged year-to-date (while Small Caps are up 7.5% YTD!)... chart As "Most Shorted" surge for the 7th day in the last 8... chart And option investors have never been so levered long in energy stocks... chart FANG Stocks were clubbed like a baby seal to two-month lows... chart Small Caps are back at their strongest to Big-Tech since early March, testing up to critical resistance at the longer-term ... (full story)