11/9/2026 - Given the depth of Thursday's decline, Friday's bounce was
uninspiring. Only 36% of the S&P 500 (SPX) traded higher. One
problem is the unwinding of leveraged exchange-traded funds
(ETFs). Leverage feels great on the way up, but can be
devastating on the way down, accelerating pullbacks....
Payne's Perspective: Dislocation Runs Amok
11/2/2026 By Charles Payne, CEO & Principal AnalystAt the start of the dotcom implosion, the rest of the market also outperformed tech badly. For several fundamental reasons, I don’t see the same scenario. I am on guard because warnings and misses usually come after a peak, but again, based on fundamentals and valuations, this is not the same.
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