NASDAQ - base case intact
The 2020 analogy is working out perfectly so far. Let's see if we get the real puke from here.
Should this head slightly lower, people will start selling the liquid stuff in order to try to "save" illiquid stuff.
We are awaiting the ARKK daily execution report eagerly as funds like that simply must sell the liquid stuff first.
Second chart shows the small cap vs NASDAQ ratio trading right back to where it all began a little more than a year ago...
Should this head slightly lower, people will start selling the liquid stuff in order to try to "save" illiquid stuff.
We are awaiting the ARKK daily execution report eagerly as funds like that simply must sell the liquid stuff first.
Second chart shows the small cap vs NASDAQ ratio trading right back to where it all began a little more than a year ago...
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