So Much For Thinking This Week Would Be Quiet

by | Jul 6, 2021 | Daily Note

  • Today's market action is rather volatile with both the equity and bond markets
  • Equity Sentiment is extreme on most polls but the CNN Fear and Greed Index has been very divergent vs the S&P
  • I break down the seven components and it's easy to see why
  • I'm adding two new shorts in the social media sector and doubling up my Carvana short
  • There is some potential for more upside with the Mega Cap stocks however it's a risky bet with the market backdrop
  • Bonds could see some significant signals in the next couple of days 
  • Did Mark Zuckerberg just "Jump the Shark"?  
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