Black Monday Fear vs. Actual Nasdaq Strength
Weekend Twitter was flooded with crash predictions, but the Nasdaq opened up 225+ points, prompting sarcastic commentary from analysts. UBS flags similarities to a prior 'Situational Awareness Unwind.'
What we know
An account on X mocked the weekend doom crowd as the Nasdaq opened sharply higher. Another account on X amplified another account on X's counter-crash call. Another account on X noted this is at least the 20th 'guaranteed Black Monday' in 2 years. Meanwhile another account on X highlighted UBS's warning that this week's action resembles a prior unwind event, and another account on X updated his Oct 2018 analog pointing to Jan 4 as a key inflection.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.