Carter Braxton Worth

Yes, volatility be one word to characterize it, but also red, right? So we've had a great market for three years. I guess if you think about the last real drawdown was the 2022 bear market, the S&P declined 27%, the NASDAQ 137. And since those lows in the autumn of 2022,

Yes, volatility be one word to characterize it, but also red, right? So we've had a great market for three years. I guess if you think about the last real drawdown was the 2022 bear market, the S&P declined 27%, the NASDAQ 137. And since those lows in the autumn of 2022,

Yes, volatility be one word to characterize it, but also red, right? So we've had a great market for three years. I guess if you think about the last real drawdown was the 2022 bear market, the S&P declined 27%, the NASDAQ 137. And since those lows in the autumn of 2022,

For three years, we've been ascending and ascending aggressively to the point where, of course, those who get into valuation, we reached just four or five months ago, the highest price to sales ever recorded in the S&P 500 and the Russell 3000. And now, of course, that excess is being expunged.

For three years, we've been ascending and ascending aggressively to the point where, of course, those who get into valuation, we reached just four or five months ago, the highest price to sales ever recorded in the S&P 500 and the Russell 3000. And now, of course, that excess is being expunged.

For three years, we've been ascending and ascending aggressively to the point where, of course, those who get into valuation, we reached just four or five months ago, the highest price to sales ever recorded in the S&P 500 and the Russell 3000. And now, of course, that excess is being expunged.

Well, for starters, you're very kind to invoke or recall a good judgment. I have all sorts of bad judgments, things that go terribly wrong, but I'm pleased with this particular recent effort. The principle that informed that decision basically is... in January, December, January, was that the breadth was deteriorating.

Well, for starters, you're very kind to invoke or recall a good judgment. I have all sorts of bad judgments, things that go terribly wrong, but I'm pleased with this particular recent effort. The principle that informed that decision basically is... in January, December, January, was that the breadth was deteriorating.

Well, for starters, you're very kind to invoke or recall a good judgment. I have all sorts of bad judgments, things that go terribly wrong, but I'm pleased with this particular recent effort. The principle that informed that decision basically is... in January, December, January, was that the breadth was deteriorating.

Now people say, well, there's always an issue with breadth, which is a way of measuring market health. And so we have had for a long time, great marquee names, right? Household names, Apple and Microsoft and Google, and they've even named them a group, Magnificent Seven, right? Have led so much of the equity market and people and, and, Perhaps rightly so.

Now people say, well, there's always an issue with breadth, which is a way of measuring market health. And so we have had for a long time, great marquee names, right? Household names, Apple and Microsoft and Google, and they've even named them a group, Magnificent Seven, right? Have led so much of the equity market and people and, and, Perhaps rightly so.

Now people say, well, there's always an issue with breadth, which is a way of measuring market health. And so we have had for a long time, great marquee names, right? Household names, Apple and Microsoft and Google, and they've even named them a group, Magnificent Seven, right? Have led so much of the equity market and people and, and, Perhaps rightly so.

Well, it doesn't matter that others are lagging and not keeping up as long as these champions are carrying the team, all is well. But usually when you have divergence between the performance of an aggregate, an index dominated by a few big outperformers versus the constituents diverging and not performing, it invariably ends with weakness in the index.

Well, it doesn't matter that others are lagging and not keeping up as long as these champions are carrying the team, all is well. But usually when you have divergence between the performance of an aggregate, an index dominated by a few big outperformers versus the constituents diverging and not performing, it invariably ends with weakness in the index.

Well, it doesn't matter that others are lagging and not keeping up as long as these champions are carrying the team, all is well. But usually when you have divergence between the performance of an aggregate, an index dominated by a few big outperformers versus the constituents diverging and not performing, it invariably ends with weakness in the index.

And what was happening in December, really started in October, is that individual stocks started to put in their peaks. So right now we know that the sell-off in the S&P, it starts at the index level on the 19th of February, only six weeks into it. But for instance, the semiconductors peaked in July.

And what was happening in December, really started in October, is that individual stocks started to put in their peaks. So right now we know that the sell-off in the S&P, it starts at the index level on the 19th of February, only six weeks into it. But for instance, the semiconductors peaked in July.

And what was happening in December, really started in October, is that individual stocks started to put in their peaks. So right now we know that the sell-off in the S&P, it starts at the index level on the 19th of February, only six weeks into it. But for instance, the semiconductors peaked in July.

microsoft peaked in august i mean individual securities were starting to roll and stall and starting to basically turn over and head lower way before the index and so for instance right now the index itself is only down what 12 if you were to look at the russell 3000 it's important to talk about that because that represents 98 of the investable capital united states

microsoft peaked in august i mean individual securities were starting to roll and stall and starting to basically turn over and head lower way before the index and so for instance right now the index itself is only down what 12 if you were to look at the russell 3000 it's important to talk about that because that represents 98 of the investable capital united states