https://twitter.com/leadlagreport/status/1694696850584994092
Asset managers have gotten out of Dodge.
Lowest long exposure in 2023. pic.twitter.com/6ynCzHyOLh— Sven Henrich (@NorthmanTrader) August 24, 2023
Bearish engulfing pattern on the $qqq after failing at its 50-day moving average pic.twitter.com/zKzYaAO1Tv
— Michael J. Kramer (@MichaelMOTTCM) August 24, 2023
look at on SPX pic.twitter.com/iqJiKCw4Lo
— Michael J. Kramer (@MichaelMOTTCM) August 24, 2023
Narrative violation:
Dealership service volume has officially hit a *5-year low* for the month of July.
5-YEAR-LOW.
(Service volume = auto repair and maintenance)
Here's why i'm struggling to reconcile this:
1) Average cost of a new car is at all-time highs
2) Average… pic.twitter.com/BT21jIOku4— Car Dealership Guy (@GuyDealership) August 24, 2023