Michael Batnick

And now on Friday, it was like, uh-oh.

The labor market is accelerating.

Like, that's really weird.

So now we should sell the stocks that we were loaded up on because the Fed is going to have to hike.

And maybe AI isn't killing the job market, so it's not as effective as it might be.

And therefore, it's like not – the story is not –

The story is stretched.

Let's sell them.

The point is we are spinning.

There is a lot of indecision and indecisiveness.

When you have the 9% down days, like we saw a monster intraday reversal today, there is clearly so much, there's a gigantic chasm between what people think is reality and what is reality.

And we're doing this every day.

Well, SL Green is New York commercial real estate, office space.

understanding that you're going to get caught up in a few of them it doesn't necessitate taking action or reacting uh i think it's important in this market and it's hard for people to do dude that is such a key point because i feel the impulse myself in a big way and everybody does we're all human beings but when you see this type of thing the the tendency to all right i got to get rid of this and then buy that because this isn't working today it is that is a gravitational force um

Let's do some other stuff on what got killed Friday and what the follow-through was on today's reversal.

So this scatterplot is great.

Sean made this.

We're looking at – and this is – he made this at like 2.30, so a little bit dated because it was a big bounce.

But here we go.

So there was a very tight correlation between what got whacked off on Friday and today.