Below $93.50 is a where trend becomes short term bearish.
I hold a basket of US listed eCommerce related companies. They've been mostly treading water over the past few weeks as they are leaders. Laggards have been hit. Forward earnings GROWTH for all is being cut for 2021.
So yes, hot money does appear to be coming out of anything deemed Covid related. But then at such lofty valuations and multifold returns, is that really any surprise?
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