Historic
Hey team, what a week it’s been. The moves we saw during some of last week’s intraday sessions were equal to the kind of gains and losses that typically unfold over months, or even a whole year.
Let’s dive into last week’s action see what’s ahead for the markets!
A week to remember
“You will never know the value of a moment, until it becomes a memory.”
Whether you’re a new trader or investor, been in these markets for two years or four decades, what you experienced last week was some of the most historic intraday sessions the market has ever seen.
Here are three memorable observations out of many
Largest Short Selling Since COVID
As expected, punitive tariffs, China's retaliation, and a noncommittal Fed Chairman prompted significant short selling in S&P 500 futures: -$40.4bn, the largest one-week amount since the onset of COVID.
Highest Volume EVER
U.S. equity volumes on April 9th increased by 112% versus the prior 10-day average, becoming the highest volume day ever. Retail investors were net buyers on April 9th, with a record buy imbalance of $6.5bn. The previous record retail net imbalance was a $5bn net buy on January 17, 2025.
One of the Sharpest Drawdowns
Equities had one of the sharpest drawdowns in the last 100 years. Average S&P 500 performance around bear markets and corrections (data since 1929; 16 bear markets, 29 corrections included).
Wall St. Prime Intel
We’ve been covering this downtrend since day one, providing premium insights and observations across the biggest institutional trading desks.
From the start of the aggressive hedge fund de-risking we first shared publicly on 11 March, to where we thought the market would see short-term support in the 4800s last week.
In today’s Weekend Market Brief edition, we share:
The latest from CTAs/HFs flows and positioning
Long-term technical observations
Key earnings and economic releases to watch
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