Jun. 23 at 4:11 PM
$SPY crashed 2% but this actually triggers a bigger 10%-20% sell off.
Korean stock market crashed 12% already.
There's 8 reasons why
$SPY has to pull back:
4. Kevin Warsh's first meeting = hawkish surprise
New Fed Chair Warsh held rates steady but struck a notably hawkish tone, with 9 of 18 FOMC members now penciling in a 2026 hike. Markets expected a dovish honeymoon got the opposite.
Tickers:
$AMZN $IBM $BE $NBIS ...
$SPY will test 50SMA at
$730. I'd wait to buy dips, BUT for sure we are adding cheap stocks.
Don’t chase extended moves, wait for levels where risk/reward resets. Rotation, not conviction chasing, is driving this tape.
