With liquidity tightening, delayed federal spending, and rate-cut expectations fading, the selloff didn’t surprise me. A $1.2 trillion drop looks dramatic, but the market has been weakening for weeks, and the shift in Fed tone pushed sentiment over the edge. For now, I see this more as a needed reset than a full-blown panic.
On individual names, I’m staying cautious. Tesla turning negative YTD doesn’t look like a buy yet, and many big tech names — Amazon, Meta, Palantir, Nvidia — are just starting to test key support. With Nvidia’s earnings next week and Burry set to release his AI-overvaluation thesis, volatility could easily continue. I’d rather watch the price action than jump in early.
Overall, I’m choosing patience. These dips are tempting, but I want to see if support holds or if a deeper pullback is coming, especially with huge bearish SPY put positions in play. A clearer setup or a cleaner washout would give me more confidence to buy.
@Tiger_comments @TigerStars
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