REDDIT
Surviving the Red Day: Big Money is Hiding in Tech & Industrials While Dumping Defensives 📉🔥
Had a rough day out there? You aren't the only one!
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​SPY dropped -1.25%, but it’s a stealthy "Risk-ON" rotation. Big institutions are aggressively dumping safe spaces like Real Estate and Consumer Staples to hide out in Industrials (XLI) and Tech (XLK) relative to the crashing market.
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​Why the wild split? Traders are completely holding their breath ahead of the massive triple-witching options expiration this Friday and parsing the aftermath of the Fed rate decision! Industrials and Tech have acceleration flags for entry.
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​Interesting how the market is going to react this week.
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