The real reason for the market selloff?

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View in Web Browser Today, I’m going to say something a bit controversial.   Well, it’ll be controversial if you’ve followed the stories the MSM are telling you about the selloff last week.   Everyone says that the big selloff on Tuesday and Wednesday was because of inflation worries.   But I’ve dug a little deeper, and I think there may be something else there. It’s kind of like a story out of the show “Billions”:    I think the biggest effect we saw on the market was a coordinated effort to take down Cathie Woods’s ARK funds.   We were in the 10th straight day of net tech short sales on Tuesday.   And Cathie was having to liquidate and buy her own ETF to keep it going.   It was such a big move. It was on a massive scale. The down pressure was causing other selling and just piling on.   It looks like this attack started shortly after Woods started the fund ARKX — I have some followers that jumped on her stuff just after that fund started earlier in the year, and many of her funds have just gotten taken out behind the woodshed.   So, yes, inflation grabbed all the headlines, and it may well have played a role.   But I think given how long this tech selloff lasted, and how quickly the market seemed to recover even though worries about inflation didn’t change, there’s a good chance this is the real story behind everything.   By the way, I want you all to be the first to hear this: I’m teaching a free class on Fibonacci this Tuesday night at 7:00 PM ET.   I use this ancient mathematical pattern to help me identify levels of support and resistance, and help me find when the market is going to turn.   You can register for the class right here   I think it’s going to be a ton of fun.   Hope you can make it,   Jeffry  Unsubscribe | Sent by Rob Booker 1800 Hughes Landing Blvd. , Ste. 200 • The Woodlands, TX • 77380