An October Surprise Damages Tech
Presidential Covid-–covid may have been the catalyst but the outcome was sell tech.–correlation breakdown–no diversification–where was the rush to bonds? Unexpected divergence-–IWM ripped EM… in all directions!–XLF–XLE–QQQ whacked and where is the vol? Bounce and Fade is working-–LULU–NVDA–IWM? SPX Expected Move–last week– 87.75 (expected move)–next week– 89.70