Notes
The last five years of trading have had numerous "once in a lifetime" events.
For example:
2020 - Covid crash market falling 34%
2021 - US Capitol Protests, $GME GameStop $AMC and other buy button removed
2022 - Ukraine Russia War, Global inflation surge, FTX Collapse
2023 - Silicon Valley Bank collapse, Signature bank Collapse, First Republic Bank Collapse, Israel-Hamas conflict
2024 - China Stock market crash falling 26%, Yen Carry Trade Unwind leading to third highest $VIX, Tokyo Stock market Crash falling 12.4% in one day
2025 - Trump tariff trade conflict, leading to the worst drop ever in the $DOW, Nasdaq $NDX down 11%, $SPY down 17% YTD
Many lifetimes lived.
The last five years of trading have had numerous "once in a lifetime" events. For example:
2020 - Covid crash market falling 34%
2021 - US Capitol Protests, $GME GameStop $AMC and other buy button removed
2022 - Ukraine Russia War, Global inflation surge, FTX Collapse
2023 - Silicon Valley Bank collapse, Signature bank Collapse, First Republic Bank Collapse, Israel-Hamas conflict
2024 - China Stock market crash falling 26%, Yen Carry Trade Unwind leading to third highest $VIX, Tokyo Stock market Crash falling 12.4% in one day
2025 - Trump tariff trade conflict, leading to the worst drop ever in the $DOW, Nasdaq $NDX down 11%, $SPY down 17% YTD
Lots of lifetimes lived.
Here are some market stats for HOW BAD today was in the markets:
- it was the most active day in the history of the market, notionally
- Most amount of red stocks and 52 week lows today over last two years.
- Today was the most amount of premium traded in options over last two years
- Worst two days for the $SPY since Covid
- Bear market for $NDX and $DOW
Did you trade today?


#Upgrades - Dec 18, 2024
• $BILL: KeyBanc Upgrades to Overweight from Sector Weight - PT $115
• $CFG: Raymond James Double Upgrades to Strong Buy from Market Perform - PT $55
• $DOW: Evercore ISI Upgrades to Outperform from In Line - PT $56
• $MSCI: Goldman Sachs Upgrades to Buy from Neutral - PT $723 (from $617)
• $PFG: Piper Sandler Upgrades to Overweight from Neutral - PT $90
• $PKG: Jefferies Upgrades to Buy from Hold - PT $280 (from $215)
• $QTWO: KeyBanc Upgrades to Overweight from Sector Weight - PT $126
• $RIG: Barclays Upgrades to Overweight from Equalweight - PT $4.50
• $WK: Stifel Upgrades to Buy from Hold - PT $130 (from $102)
• $WLK: Citi Upgrades to Buy from Neutral - PT $140 (from $152)
• $XMTR: JPMorgan Upgrades to Overweight from Neutral - PT $45 (from $25)