VIX is still in backwardation. In fact it is more so than it was yesterday. This is typically not a bullish sign, especially going into a 3 day weekend where normally vol would be expected to be crushed. pic.twitter.com/kc1814fhLo
— Michael Bento (@MichaelPBento) February 13, 2026
$VIX is goin 25 tuesday/wednesday and there is not much stopping it pic.twitter.com/Qx2ypB45xg
— ironmanJ (@J_Davis132) February 13, 2026
This is incredible:
At least 115 S&P 500 stocks have dropped -7% or more in a single day over the last 8 trading sessions.
And yet, the S&P 500 is down just -2% from its all-time high.
In the past, when at least 115 stocks saw a decline of -7% or more in an 8-day trading period, the average index drawdown was -34%.
The last time this many stocks were hit while the index was still near all-time highs was during the 2000 Dot-Com Bubble.
By comparison, in 2008, this threshold was triggered when the index was already in a bear market.
Markets are truly in unprecedented times.
This is incredible:
At least 115 S&P 500 stocks have dropped -7% or more in a single day over the last 8 trading sessions.
And yet, the S&P 500 is down just -2% from its all-time high.
In the past, when at least 115 stocks saw a decline of -7% or more in an 8-day trading… pic.twitter.com/lY1oSKypkl
— The Kobeissi Letter (@KobeissiLetter) February 13, 2026
The forward 12-month P/E ratio for the S&P 500 is 21.5.
This P/E ratio is above both the 5-year (20.0) and 10-year (18.8) averages. @factset pic.twitter.com/cJeQPXbEtL
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) February 13, 2026
Sell off won’t be like bull market.
Bull markets move very slowly.
1-2% a month.
Bear market moves are very fast .
20-30% of bear market moves come in days to weeks.
Don’t get caught with pants down .
— tic toc (@TicTocTick) February 14, 2026
Last week, markets imploded on Thursday but staged a face ripping rally on Friday. Following yesterday's selloff, this morning the Nasdaq has been back and forth red and black at critical support.
If bulls lose key support today, they are likely going to get obliterated next… pic.twitter.com/mDN6hQG6nf
— Mac10 (@SuburbanDrone) February 13, 2026