I was making fun of the doomsayers on reddit just a couple weeks ago when the nasdaq corrected more than 10% because of the war. However, this movement on SOX has a bad smell.
Last time SOX was up 50% in a single month was in Feb 2000. On top of that, [margin level](https://www.finra.org/rules-guidance/key-topics/margin-accounts/margin-statistics) broke out of the longest consecutive increase and has declined for the past 3 months. Market breaking ATH while margin decreases has usually corresponded to a pretty nasty correction.
It's hard to keep my bullish goggle on with this and that allbirds ai pivot bullshit.
