If you want more evidence that the latest momentum tech crash is truly unprecedented, here's a chart showing just how extreme the crash has been.
Every prior momentum tech crash of 30% or more also saw $QQQ down 25%-50%. Except this time when momentum tech crashed the worst on record (a staggering 57% drop), QQQ only had a modest 10% correction and quickly snapped back within 2% of record highs.
You cannot convince me that this doesn't pass the sniff test. At any rate, the damage under the hood is in line with prior crises like the dot com bust, GFC, covid crash, and 2022 bear market. Morgan Stanley’s TMT momentum factor fell ~40% from its peak in just 17 trading days (between June/July), exceeding the historical median drawdown of ~22% over ~33 days since 1999 and prior episodes such as the 29% drop from late 2022 into early 2023
Credit to Jefferies for their chart for being able to overlay it on a QQQ 60D % drawdown overlay. Their original chart also provided.
@coookwithchris Wow man, thanks for posting this! I live in VT and was told raw butter is "illegal". Think I may have just found a workaround (for my not yet existent cats and dogs)
@coookwithchris 1-2 hours for a steak seems excessively long from my experience. How thick are your steaks? Even the thickest steaks i've had (3+ inches) didn't require more than 30-40 mins. I let mine rest for 10 mins while I'm heating up the cast iron, so I can slice it right after the sear
Robert F. Kennedy Jr on Why No One Will Debate Him on Vaccines, Not Even Peter Hotez
"Nobody in eighteen years has been willing to debate me"
@joerogan@RobertKennedyJr
‘Unavoidably Unsafe’: @RobertKennedyJr Reveals the Untold Truth Why Vaccines Have Liability Protections
After getting sued heavily for the DTP vaccine, Wyeth (now Pfizer) went to the Reagan White House and demanded liability protections with the threat of getting out of the vaccine business.
President Reagan asked Wyeth why they couldn’t make safer vaccines.
And Wyeth answered that they couldn’t because vaccines are “unavoidably unsafe.” And that phrase, “unavoidably unsafe,” is in the preamble of the VICP statute.
“And so, anybody who tells you vaccines are safe and effective, the industry itself got immunity from liability by convincing the President and Congress that vaccines are unavoidably unsafe,” denoted @RobertKennedyJr.
‘Unavoidably Unsafe’: @RobertKennedyJr Reveals the Untold Truth Why Vaccines Have Liability Protections
After getting sued heavily for the DTP vaccine, Wyeth (now Pfizer) went to the Reagan White House and demanded liability protections with the threat of getting out of the vaccine business.
President Reagan asked Wyeth why they couldn’t make safer vaccines.
And Wyeth answered that they couldn’t because vaccines are “unavoidably unsafe.” And that phrase, “unavoidably unsafe,” is in the preamble of the VICP statute.
“And so, anybody who tells you vaccines are safe and effective, the industry itself got immunity from liability by convincing the President and Congress that vaccines are unavoidably unsafe,” denoted @RobertKennedyJr.
@davidjmazjr@rtanderson23@SublimeTrades Alerts are awesome. For me TOS alerts gets the job done. They can even go to your mobile device. Downsides for me are no pre/ah’s alerts and maximum limit.