
Premium to Humility (guest: Neil Azous)
The Market Huddle
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The Negative Feedback Loop on the S&P 500
There's always the risk that during this negative feedback loop period where especially banks that have these levered up balance sheets, when there are these kind of small regional bank runs going on. But I feel the sentiment has got so negative and the duration of the sell-off and the magnitude of the sale-off has been long enough to say we're much closer to a tradable low than we were before. If the market isn't selling off here, I wouldn't be shocked if we retraced $5,000, $6,000,$7 on the upside at some point just from a very oversold state. The one thing that I'm not certain about is if whatever
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