And tomorrow the market will start pricing in the now anticipated Amazon and Google horrible earnings next week. Tesla of course is an anomaly because they lowered the prices of their car so now everyone and their mother has one. They obviously can't sustain that volume so it was a one-time thing. But the market was too stupid to recognize this so thought that recovery was happening. Now bulls are once again trapped. AMD to shit the bes next week along with Google and Amazon. Amazon obviously will be hideous. And then Powell will come out on Wednesday to do a half-point increase instead of the expected quarter point because he's pissed wealth is coming back into the market when he needs it to come right back out. Not to mention jobs, which he is telegraphed many times is the number one metric, are still very hot. If you are not cash or short right now I pity you.
I'm not a perma bobo, I sold my position yesterday. After the market bottoms out from Powell, it will recover by the time the 12th hits with that CPI report. But get ready for some nasty shit before then.