As we step into the Thanksgiving-shortened week, U.S. equities are grappling with persistent turbulence following a volatile close to the prior week. The Nasdaq 100 dropped 3.07%, while the S&P 500 shed 1.95%, highlighted by a dramatic 4% intraday reversal on Thursday that underscored peak volatility. Although underlying fundamentals appear stable, sentiment-driven swings, CTA deleveraging, and fluctuating rate expectations continue to s...

🌊 Wave Down... Wave Up?
Last week was tough—we saw the flush many were worried about. But from a data perspective, this "wave down" might be setting the stage for a seasonal shift. Week 48 has historically shown an 80% bullish probability. We are at a fascinating pivot point between technical damage and seasonal strength.
🔎 Key Takeaways:
– The Flush: Tech broke support last week, but small caps held strong. 📉
– The Pivot: Week 48 seasona...