
Postaus
Katherine smil
The S&P 500 is running a smoke show, and most people are buying it. đš
Under the hood itâs ugly. 60%+ of tech names in the index are already 20%+ off their 52-week highs. This isnât a normal pullback. Itâs a stealth bear market.
Look at the damage: Coinbase -69% from the top. Oracle and Salesforce both down over -57%. These arenât junk tickers. These are giants getting sold.
A few mega-caps are propping up the headline while everything else bleeds. Thatâs classic institutional distribution. Smart money is rotating out while retail watches the wrong number. đ
Breadth this weak canât carry a rally forever. Itâs usually the warning before a big drawdown. If youâre bullish just because the index is green, youâre playing the wrong game.
Donât get stuck holding the bag while the big names bleed out.
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