Semis most overbought since March 2000.
https://x.com/SuburbanDrone/status/1764722864064811379?s=20
NYCB was downgraded for a second time over the weekend, so now deposit flight is the concern: https://cnbc.com/2024/03/04/some-nycb-deposits-may-be-at-risk-after-another-moodys-downgrade.html… Stock is trading for the price of a candy bar and yet the broader market is totally clueless. Cue Powell deja vu.
https://x.com/SuburbanDrone/status/1764758692560347286?s=20
