underperformed the S&P by 200 basis points (13.9% vs. 15.9%) and the NSDQ by 220 basis points (13.9% vs. 16.1%). This is due to its valuation being so far out of wack - this should be the risk-on play, but it is not right now. Capital is moving to other stocks faster. When the market does turn, this will fall much faster than market.
Once, the stress beneath the surface is palpable. Gold backwardation. Any stock that truly is money good and not a float jam paper trading scam has been hit. This will be a supernova and create a black hole.