Chief Market Strategist Gareth Soloway deep dives into the market as stocks are sell sharply. He covers the Federal Reserve's emergency lending spike to banks, Michael Burry's Epic Put Options encompassing 80% of his portfolio and Palantir (PLTR) earnings, as the stock drops sharply. As always, Gareth dives into the charts and shows how the SMH predicted this semiconductor pullback as well as the S&P 500, both at major extension levels signaling a correction. As the government remains shutdown, fears are building of a banking crisis with a slowing economy and valuations on stocks that cannot be justified. Video by Gareth Soloway.
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