S&P 500 sees $1.8 trillion wipeout, Nasdaq tallies biggest point drop on record: What investors need to know about Friday’s selloff
Macro
The S&P 500 experienced a $1.8 trillion wipeout and the Nasdaq Composite saw its largest single-day point drop on record, marking a significant pullback after a two-month rally. This selloff creates an immediate opportunity for tactical 'buy the dip' plays on oversold tech, but also highlights underlying volatility.
0 reads·0 theses
Angle
↑ LONG+4% target-3% stoptactical / 1-3 days
Tactically long QQQ for a quick bounce, targeting a 3-5% recovery as the market digests Friday's extreme selloff.