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It's the start of a brand-new week… and much more importantly, the start of an entirely new stock market.
That's right: Everything's changed.
The overriding bullish sentiment that powered markets higher for nine years died last week.
It was at death's door the week of Oct. 15, but the bull had a pulse at least.
Not anymore. It's flatlined. R.I.P.
The action last week… ouch; it was ugly. Particularly the Nasdaq, which is well on track for its worst October since 2008.
In fact, that may have been the decisive "death blow."
Why was that so bad?
Well, for years, the tech darlings, chiefly the FAANG stocks – Facebook Inc. (NASDAQ: FB), Amazon.com Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), Netflix Inc. (NASDAQ: NFLX), Google's parent company, Alphabet Inc. (NASDAQ: GOOGL), and Microsoft Corp. (NASDAQ: MSFT) – would routinely lead markets higher.
Don't let Monday's rally fool you. There's just not enough there to change the inevitable fact that there's a new boss in town…
About the Author
Shah Gilani is the Event Trading Specialist for Money Map Press. In Zenith Trading Circle Shah reveals the worst companies in the markets - right from his coveted Bankruptcy Almanac - and how readers can trade them over and over again for huge gains.Shah is also the proud founding editor of The Money Zone, where after eight years of development and 11 years of backtesting he has found the edge over stocks, giving his members the opportunity to rake in potential double, triple, or even quadruple-digit profits weekly with just a few quick steps. He also writes our most talked-about publication, Wall Street Insights & Indictments, where he reveals how Wall Street's high-stakes game is really played.