Last week, we saw the complacency leave the market, and the bearishness finally creep in.
Omicron may not be as deadly as feared, but inflation, growth, technical conditions, and central bank uncertainties continue to pressure the market.
The spotlight is back on Evergrande after it filed a stock-exchange notice that it may not be able to keep up with its debt obligations.
These names are displaying both quantitative and technical deterioration.
The tech sector's tumble might have more in common with the events of 1987 than those of 2000/2001. If this proves the case, some buying opportunities are forming.
It is times like this I am more than happy to give away some potential upside for the additional downside protection.
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