The tweet was deleted by the author.
But we saved everything 🙂.
Callum Thomas highlights recent observations from this week's market charts. He points to a 'stealth correction' taking place in the stock market, with the equal-weighted S&P 500 down more than 5 percent from its peak.
Thomas also notes weakened market breadth and an increase in cash holdings among traders, as well as a resurgence in momentum stocks.
View post on X Loading...
Thomas previously commented that S&P 500 volatility has tracked seasonal patterns, with specific credit market concerns in tech and AI sectors highlighted in his recent analysis. He also shares a weekly S&P 500 chartstorm blog post, featuring a range of chart sources and market-related accounts in his regular updates. These insights provide further context for his latest observations on market trends.