You Need To Take This Selloff Seriously

Financial Services • Nov 15, 2024 at 7:01 PM EST

While these dips don’t seem statistically significant - and they might not be - they’re a harbinger of some big, big moves.

person using MacBook Pro on table

Image Source: Unsplash

Peanut the squirrel was a sign… When a crypto pegged to a martyred rodent hits a billion dollars in market cap, you know it’s a sign that the froth is getting ridiculous.

And that’s what happened. Boom. A broad, brutal selloff. The S&P 500 off 1.5%; Nasdaq’s been hit 2.6%. Volatility’s spiking.

While these dips don’t seem statistically significant - and they might not be - they’re a harbinger of some big, big moves…

Basically, traders out there are headed for the door. And that door is very small.

Video Length: 00:12:56

More By This Author:

Here’s What DOGE Means For Interest Rates
How The Trump Bump Could End In A Slump
What PNUT Tells Us About This Market

Disclaimer:

Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.