Seeking Alpha

This week's selloff looking like March's

  • Leading this week's decline are a lot of the same names which led March's "momo" selloff, among them the biotechs (XBI -4.5%) and social media (SOCL -4.4%). Also familiar, small caps (IWM -1.5%) are off more than the other major indexes.
  • Doing their jobs are the low volatility ETFs like SPLV (SPLV) and USMV (USMV -0.2%), as well as defensive sectors like the utilities (XLU +0.6%).
  • Raymond James' typically bullish Jeffrey Saut is out with a note calling for the first decent pullback of the year - a  10-12% decline - to commence later this month or early August, and he suggests investors begin raising cash.
  • Biotech ETFs: XBI, BBH, FBT, PBE
  • Low-vol ETFs: SPLV, LGLV, CFA, CFO
  • Utility ETFs: XLU, IDU, VPU, UPW, FUTY, RYU, FXU, PUI, SDP, PSCU
Comments (7)
  • convoluted
    , contributor
    Comments (1857) | Send Message
     
    What is the exact date and time of the pullback? I like to put these types of events on my calendar.
    8 Jul, 01:03 PM Reply Like
  • t time
    , contributor
    Comments (234) | Send Message
     
    What actually happens is that some investors panic sell or prematurely pull cash out of the market and then of course do not want to see stocks continue to go up. So, they make reports like this one - adivsing more selling so that they feel better about their decision. Don't fall for it!
    8 Jul, 01:30 PM Reply Like
  • mlauritz
    , contributor
    Comments (354) | Send Message
     
    ^ If you think Today was the "Panic Selling"; you're in for a Real Scare within the next 3 months...

     

    MoMos & the vastly Over-Valued Russell 2000 Tickers [Avg PE over 80] are just getting started in their Correction (Read: Collapse).
    8 Jul, 02:06 PM Reply Like
  • MEKhoury
    , contributor
    Comments (206) | Send Message
     
    You seem certain.
    8 Jul, 02:24 PM Reply Like
  • jj1937
    , contributor
    Comments (814) | Send Message
     
    Is it time to get out now?
    8 Jul, 02:35 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7960) | Send Message
     
    Time to get out of bed, that's for sure.
    8 Jul, 03:30 PM Reply Like
  • rheimerl
    , contributor
    Comments (346) | Send Message
     
    just turn the tv off!
    8 Jul, 02:45 PM Reply Like
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