Tech Tanks As Macro Money “Nuke” Positions Into 12 months-Stop



Soon after a roller-coaster experience right away, US equities are tumbling out of the gate with tech-hefty Nasdaq primary the collapse as various major-tech ‘no brainers’ these types of as AAPL, FB, and NVDA are all plunging…

 

As Nomura’s Charlie McElligott notes, all management stocks are getting crushed as macro funds absolutely nuke ‘risk-on’ positioning into 12 months-close…

Regardless of whether because of to 1) “end of cycle” see accelerating, 2) monetization / security of YTD gains or the most possible 3) a mix of both factors #1 and #2, Macro Resources slice threat throughout the board…

  • Macro Fund Beta to SPX down to just 17th %ile (from 39th %ile, and was 79th %ile just one thirty day period ago)

  • Macro Fund Beta to Eurostoxx down to just 22nd %ile (from 76h %ile, and was 87th %ile one month ago)

  • Macro Fund Beta to EEM down to just 5th %ile (from 34th %ile, and was 67th %ile a person thirty day period back)

  • Macro Fund Beta to Nikkei down to just 39th %ile (from 80th %ile, and was 94th %ile a person month back)

  • Macro Fund Beta to Crude Oil down to just 34th %ile (from 84th %ile, and was 98th %ile just one thirty day period back

Unique names are having hammered…

Zuck’s obtaining a terrible day – FB at 20 thirty day period lows…

Nvidia proceeds its collapse…

And Apple is back down below its 200DMA…



Resource hyperlink

What's Your Reaction?
Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Lol Lol
0
Lol
Like Like
0
Like
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech Tanks As Macro Money “Nuke” Positions Into 12 months-Stop

log in

Become a part of our community!

reset password

Back to
log in