The Nasdaq 100 made a new high today while the broader market is imploding at the same rate as April.
What happens when a handful of massively overbought stocks holding up the entire market final implode?
We'll soon find out. pic.twitter.com/7lUbt2SDjV
— Mac10 (@SuburbanDrone) June 26, 2025
Bulls, you need to put down the crack pipe. pic.twitter.com/gV7dqd1ik2
— Mac10 (@SuburbanDrone) June 26, 2025
Ironically, the legacy Dow is a better indicator of the health of the market than Wall Street's benchmark S&P 500.
It's this fixation on the market cap weighted S&P 500 – which no longer represents the "market" – that will ensure that momentum-chasing hedge funds get obliterated… pic.twitter.com/G0Awpzbccm
— Mac10 (@SuburbanDrone) June 26, 2025
I call this the "Sisyphus" rally.
Bulls push a boulder up a hill and then it explodes at the top.
And then they try again. pic.twitter.com/PoYNHBHo4U
— Mac10 (@SuburbanDrone) June 26, 2025