Det siste halvåret oppleves det som at noen ganger har bad news vært good news, og så har good news vært bad news, og perioder så har både bad news og good news vært bad news samtidig. Nå er vi igjen over på at good news er bad news, denne gangen i forbindelse med Kina:
…and that has dragged bond yields higher (along with inflation and growth anxiety from China’s re-opening), with the 30Y getting close to 4.00% once again…
So it seems China re-opening is now ‘bad’ news, like Zero-COVID was ‘bad’ news?
Her er litt mer snacks publisert i dag (fet skrift is my own doing):
Tesla shed another $14.05 on Tuesday, down 11.41% for the day. It is sitting on feeble support with weak support at $91.
On a market cap basis, this is one of the biggest plunges in history but there is no reason at all to think it stops here.
Siste avnsitt nedenfor var et virkelig artig poeng, gullkorn:
Technically speaking, the ARKK picture looks even worse. ARKK plunged 20.54% on Tuesday, crashing through what I recently labeled strong support as if it that support was dust in the air.
Now there is no monthly support for this sinking ship until the $16 level or so. Moreover, there is no fundamental reason to believe it will not drop that far.
TSLA is one of the ARK ETF’s biggest holdings. Ironically, ARKK is so bad that TSLA is one of its better holdings.
Enda en sak publisert i dag, men kanskje litt mindre fargerik, dog interessant:
This was much larger than the expected decline for this index. Note: Contract signings usually lead sales by about 45 to 60 days, so this would usually be for closed sales in December and January.