US stock futures are down 0.2% after a solid day yesterday. Nasdaq futures are 0.3% lower.This is an ominous warning from Bank of America: "We are in
US stock futures are down 0.2% after a solid day yesterday. Nasdaq futures are 0.3% lower.
This is an ominous warning from Bank of America: “We are in the late-stages of a short-cover-rally as the implied vol spike in heavily-shorted names has started to fade.”
The weekly Nasdaq chart shows it’s nearing the 61.8% retracement of the Dec-March fall.
h/t @michaelgoodwell
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