Michael Batnick
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Appearances Over Time
Podcast Appearances
And that has been the story of not just the recent bull market, but of the decade-long bull market has been the money going from place to place.
That end, so it's the pot shops all in on the same trade and the retail traders all in on the same trade, which produces an event like Friday.
So Staples outperformed tech.
The biggest single day spread.
Since October 2000.
I have more on this later in the show.
So basically tech was down 6%.
Staples were up three something along those lines.
Maybe it was six and a half, two and a half, but whatever.
Look at this downtrend, man.
Like this rubber band was stretched so far.
Tech has been outperforming staples pretty consistently, literally since 2017.
Almost uninterrupted.
Okay.
Okay.
Fair.
Take it up with him.
No, no, no.
Fair.
All right.