grenade

I wrote a whole tweet yesterday about how I thought the metals speculation would end badly for markets when it all pulled back and never published.... I got distracted and never finished it Like crypto, metals took the place of being the 'risky asset' (who would've thought) and once it started to dip I figured the broader market, with small caps already showing weakness, would probably go with it. Add to that the 'memory trade' that could not lose... and now is also rolling over at the same time... when I see two sectors running so goddman hot and the rest of the market not following, it's logical to think that once those roll over the rest are REALLY going to get hit and that is what we are seeing today and yesterday It's very infrequent we get synchronized TOPS in charts across all major assets and indexes and a double top in the $QQQ on top of all that. That is why I put out the tweet with 4 charts last night showing you all this. I told my subs last night this is was very reminiscent of last year when we started off big and then got slammed hard in Feb (tariffs)... settled and then rocketed higher. Have to see where we settle here... we bottomed around March 25 last year. Earnings are good, cuts will come but there are so many variables in the markets right now and we ran so far so fast that it makes sense that the markets pause here for a bit to digest I don't think there is anything more broadly to worry about and these dips will present opps but need to let them settle IMO