Markets as dream killers is a useful framing, and your point about equal opportunity pain for both bulls and bears resonates. Price in the big indexes dipped below the 50-day SMA, but now it's comfy back above, and as long as that's the case, the big drop narrative will keep hurting bears.
Utilities was the worst performer this week, out of the eleven S&P 500 sectors, -4.5%. Money is moving out of the market's bunker, so bears might see John Carter's language as if it were John Wick.
Markets as dream killers is a useful framing, and your point about equal opportunity pain for both bulls and bears resonates. Price in the big indexes dipped below the 50-day SMA, but now it's comfy back above, and as long as that's the case, the big drop narrative will keep hurting bears.
I think I picked that equal opportunity dream killer language from John Carter. I’ve found it very helpful over the years.
Utilities was the worst performer this week, out of the eleven S&P 500 sectors, -4.5%. Money is moving out of the market's bunker, so bears might see John Carter's language as if it were John Wick.
Haha! good imagery
Yep, not a good place for bears if money is moving out of the defensive sectors.