Michael Batnick
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Podcast Appearances
Whoops.
Like I did it again.
It happens.
And I was writing this morning about the correction.
The VIX was at 22.
It closed at 19.
RSP was 1.5%, the equate of its all-time high.
Spoiler alert, it's 74 basis points of its all-time high.
And to me-
There's two things happening here.
One, there is a slap in the wrist of a very crowded trade.
Throw up this chart from Todd's own.
Cumulative sector ETF low since the March 30th low.
It's only tech.
Literally, it's only tech.
Tech has taken in $30 billion and everything else has had an outflow.
Look at this.
It's the whole thing.
So I have two more charts and then I will- That is a killer chart.
It's unreal.