Tech should be sold like no other right now

1 mars

If the recent mass layoffs and stock buy backs in the tech industry have not been a good indicator for you yet let this chart serve as one: TQQQ is going down and it will be swift and soon. The triple qs is not only extremely extended but volume for the overall index is currently falling off a cliff, suggesting there is much lower buying interest than it really seems for this index which in the context of bond yields and money market returns rising makes sense. All I can further say is that retail inflows into the tech sector is at an all-time high as of last week's dip AND YET THE OVERALL BUYING VOLUME IS DECREASING simultaneously. That means it is extremely likely institutions en mass are tapering off investment and rotating out which will make the selling sooo much worse once it initially begins in earnest.

il y a 6 jours

Note

I just caught my mistake; I meant to say bond yields are falling not rising, since the implication is that falling yields occur whenever demand for said bonds far outpace supply since higher yields are used to entice more buyers.