Today I dont think one should be short since that trade was Friday or Monday. Today we saw horrible discrepencies in performance between the Nasdaq and the market. And the overperformance of the small cap indexes like the Russell2000.
Things go back to their norm so long QQQQ and SP500 and short the Russell2000. This may not happen overnight but the thought that small caps are stronger and have healthier balance sheets than the big cap stocks are absurd and the reason for these sell offs are liquidity driven which hurts smaller names than bigger one.
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