Get Out Your Shovels, It's Time To Load Up

Happy market selloff everyone! It's about time we got some action.

It's been interesting to see which sectors are selling off, and surprising perhaps nobody, it's mostly high-priced SaaS, consumer finance / gambling names, and meme stocks.

Of note - private equity investment managers, which have presumably seen much higher-than-average financial stress as a result of the tariffs:

- Private Equity (ARES, TPG, KKR, APO, BN, BX)
- Airlines (ALK, DAL, UAL, GEV, AAL)
- SaaS (PLTR, S, NET, TTD)
- Meme / Retail (TSLA, MSTR)
- Sportsbooks / Brokers (FLUT, IBKR, HOOD, DKNG)
- B2C Network Platforms (SPOT, RBLX, GRAB)
- Consumer Credit (SYF, DFS, AFRM, SNV, COF, ALLY)
- Socials (PINS, RDDT)
- Big Banks (GS, MS, JPM, C, TFC)

Anyway, given that the market is now notably oversold by a few common readings, including the oscillator above and CNN's Fear & Greed index, we think it's time to begin scooping up shares in the broader indices, and especially in oversold stocks you may like, including GRAB, SOFI, RDDT, and TTD.

The market is still expensive, but this selloff reeks of a 'blip', and not a longer-term fundamental change in market momentum, positioning, and sentiment. To see that, we'd expect to see a crack in support levels around QQQ $420.

Best of luck out there!