Bill Baruch thinks the selloff got exacerbated — exploding put volume, leveraged ETF selling, and profit-taking after tech charts ran straight up to the right. He’s comparing it to August 2024’s sharp drop that became the low before the summer rally kicked in. But he’s not fully convinced yet: he needs to see healthcare and financials show up — names like Eli Lilly, Berkshire, JP Morgan, Citi, and AbbVie. Today’s bounce being led by tech alone is disappointing. If those other sectors start leading, the rally has legs. Watch the full discussion here.