$QQQ Markets are looking rough, and tech stocks have become ATMs again. Nasdaq futures are down over 2%, the S&P is off nearly 1%, and only the Dow is holding up, down 0.35%. Money is fleeing high-valuation tech stocks for traditional defensive sectors.
Right now, the market isn’t looking at earnings—it’s just crushing valuations and deleveraging. The harder they surged before, the harder they’re falling now.
Don’t rush to play hero and catch a falling knife. Panic selling and leveraged positions haven’t been cleared out yet. Wait until forced liquidations have eased and the bleeding has stopped before considering picking up shares. Reach in now, and you could get cut.
Right now, the market isn’t looking at earnings—it’s just crushing valuations and deleveraging. The harder they surged before, the harder they’re falling now.
Don’t rush to play hero and catch a falling knife. Panic selling and leveraged positions haven’t been cleared out yet. Wait until forced liquidations have eased and the bleeding has stopped before considering picking up shares. Reach in now, and you could get cut.
