Michael Batnick
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Appearances Over Time
Podcast Appearances
All right.
I'm going to skip one chart, John, and then we'll get back to this one.
The five-day outperformance of the S&P 500 versus S&P 500 XAI is the biggest on record.
ZeroHedge tweeted this.
So-
Just a massive, massive unwind.
We haven't seen anything like this in the last five years.
And where did the money go?
It went into, oh, healthcare, for example.
Healthcare's best five-day relative rally since 2009.
So the money is rotating.
Um, but if I were to throw another bone to the, to the bears of, well, are we going to try to, are we going to look back and say that Friday was actually a meaningful reversal day?
Maybe not tomorrow, but like in the grand scheme of things, I would point to this chart, a record outperformance of low vol versus the NASDAQ 100.
So here's what we're looking at.
If you're listening, the bottom pane is what matters.
Well, well, well, right.
Well, they both matter.
So on Friday,
On Friday, the low vol index.
outperformed the NASDAQ 100 by 6%.