The Macro Trading Floor More Pain Ahead Or Buy The Dip?
87 snips
Nov 23, 2025 The discussion dives into the recent sell-off in momentum assets, especially following Nvidia's disappointing earnings. Exploration of Bitcoin's influence on risk sentiment adds an intriguing layer, alongside contrasting gold and silver's resilience with crypto's collapse. The hosts dissect the puzzling market reactions to positive news amid ongoing volatility. Insights into Japan's fiscal stimulus and potential Fed rate cuts highlight significant global economic dynamics, revealing how politics and market behaviors intertwine.
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Momentum Selling Outruns Good News
- Momentum assets are undergoing relentless selling where good news fails to stop sharp intraday reversals.
- Brent and Alf see retail exhaustion and momentum unwind as primary drivers rather than a clear macro shock.
Retail Exhaustion Fuels Daily Sell-Offs
- Retail buying ran out of marginal capital, leading to repeated New York-session sell-offs on heavy volume.
- Brent argues that waves of retail stops and forced liquidation explain the persistent downside pressure.
Macro Data Doesn't Match Equity Panic
- Macro indicators largely contradict the equity pain: FX carry pairs and many EM assets are behaving normally.
- Alf notes there's no obvious macro tightening or dramatic curve moves to justify the tech sell-off.
