Overall equity positioning remains elevated despite the recent selloff
Overall equity positioning remains elevated despite the recent selloff (86th percentile vs history).
No major outflows to be seen yet.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$
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Market psychology is always fascinating to look back on.
Retail euphoria came right at the 2022 $S&P 500(.SPX)$ top.
Retail despair/capitulation selling came 1 week before the 2022 SPX Bear Market lows.
Psychology in the markets is a real thing
$NVIDIA(NVDA)$ earnings will be the the answer to whether the market corrects or whether this was a dip buying opportunity
Until then RISK OFF
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