Lia Holmgren: GOOGL and META see sharp declines after scanner indicated fear in mega caps

Lia Holmgren: GOOGL and META see sharp declines after scanner indicated fear in mega caps
GOOGL and META fall after fear alert

Shares of GOOGL have dropped more than 17 percent and META has declined 13 percent after a scanner indicated fear in mega cap stocks two weeks ago.

Lia Holmgren reported that her scanner flashed a fear signal on mega caps, noting these moves alongside features such as options flow heatmaps and tools for analyzing unusual options activity.

Holmgren has previously noted that the S&P500 typically posts gains in the November-through-June period, averaging 14 percent since 1942. She has also reported on Bitcoin slipping below $80,000 amid U.S. evacuations from the Middle East. These observations contribute to her ongoing monitoring of equity and crypto markets.

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