I see the same, indexes all dropping but my watching list has more green than red.So, my ZM is up 6.78% today (at least the stock is, my calls are up 25%). My FSLY stock is up 10.4%, my calls are up 32%. ARKK and ARKW are up, ARKQ is down. My tiny positions in DDOG and CRWD are up 2.9% and 5.1% respectively. I'm just not seeing anything that looks like a correction. TSLA is the least volatile of my holdings it seems.
My interpretation is people are selling index funds and parking the money in brands they trust.
I think it’s partially anticipating a correction, partially a down vote to indexes as they marches toward obsolescence. I suspect the news coverage of S&P not admitting TSLA played a non negligible role in the process.
Anyone knows a way to easily track the total size of index funds to validate whether this theory is true or not?