Submitted by chubsey7000 t3_103yqn4 in wallstreetbets
Timeline:
-An unemployment uptick combined with earnings crush sends the market into freefall.
-after maybe a 15% drop the fed pauses hikes while also making it obvious that they will pull down rates in the near future.
-Market continues imploding, to the shock of many (A fed pivot is NOT bullish).
-After maybe a 25% drop the fed turns on QE, and the bottom is in, for a while.
Dont come at me with put call ratios, they are high because of arbitrage and flow. Retail positioning is still very long, the bottom is in when spoiled boomers sell their etf's.