A diary of the thought process behind my investment decisions
It appears as if a correction is indeed underway. I expect the first stop to be 1040-1060 on the S&P 500. While I am short the SPY, my pharmaceutical longs have massively underperformed today. I was expecting some sort of give back as pharmaceuticals have been outperforming for a while, but the magnitude has caught me by surprise. Have a good night.