The percentage of stocks currently oversold is nearing historic levels

DavidMarlin
2022-09-28

We are witnessing the fastest Fed tightening cycle in 40 years.
The only 2 faster included a great deal of pain
1. 1980 Volcker shock - severe global recession, unemployment spikes to 11%
2. Early 70s - stagflation with a lost decade for equities2.The percentage of stocks currently oversold is nearing historic levels.

Over the last decade, the proportion of stocks signaling oversold readings has been higher only 3 times.$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Cboe Volatility Index(VIX)$ $Invesco QQQ Trust(QQQ)$

https://twitter.com/Marlin_Capital/status/1574856882866589696

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Comments

  • liewtc60
    2022-09-28
    liewtc60
    VIX now is only at 32.6 and has yet to reach the melting point of above 85 as in 2008 & 2020 when market clashed.
  • RK0948
    2022-09-28
    RK0948
    It is closed but not extremely.. meaning.... potentially... will be ups (slightly) & downs (seriously)...

    maybe correct / maybe incorrect

  • setia100
    2022-09-28
    setia100
    most people Bearish 😨
  • 雨点尔
    2022-09-28
    雨点尔
    好的感谢分享
  • SirBahamut
    2022-09-28
    SirBahamut

    Time to be greedy!

  • Oldhead
    2022-09-28
    Oldhead
    May not be over yet.
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