Shaky Market Confidence

Huge

5450 is a massive level. We are below the 50 day, but still above the 100 day. Note the big trend line coming in right here.

Source: Refinitiv

Also huge

Source: Refinitiv

SPX and 3M VIX vs VIX

Source: BofA

Solid, but

Russell mania

Source: Refinitiv

Small caps - cheap?

Source: BofA

Chasing small caps

Source: BofA

Mega cap tech vs non profitable tech

Source: GS/Bloomberg

AI vs non AI

Source: GS/Bloomberg

Stabilizer gone

Source: GS

STAY AHEAD OF THE MARKET