Stonks Are Puking At The Open As Even WallStreetBets Turns Bearish – Zerohedge

Stonks Are Puking At The Open As Even WallStreetBets Turns Bearish

US equity markets are in freefall at the cash open. After an ugly overnight session for Nasdaq and Small Caps, everything got clubbed like a baby seal as the cash market opened.

Nasdaq has plunged to its 50DMA…

As TSLA crashes…

The drop comes as negative sentiment surges on WallStreetBets

And that is crushing the “most shorted” stocks…the biggest daily drop since March 2020

Source: Bloomberg

It would appear the “unclenching” has begun!

Some have also suggested that this the Churchill SPAC debacle is also weighing on liquidity,..

Tyler Durden
Tue, 02/23/2021 – 09:50

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