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SpaceX Just Led a Global Tech Wipeout, and a Saxo Strategist Blames Leverage and Passive Flows
Key takeaways
- Wilson identified leveraged ETFs and 3-day options as the amplifiers forcing dealers to sell into weakness and buy into strength, swinging Reddit sentiment from 72 to 18.
- The selloff spread globally, with South Korea s Kospi dropping over 8% and MSCI Asia falling 2%, exposing dangerously concentrated regional tech exposure.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SpaceX didn t make the cut.
Space X Just Led a Global Tech Wipeout, and a Saxo Strategist Blames Leverage and Passive Flows Omor Ibne Ehsan Thu, June 25, 2026 at 12:05 AM GMT+7 4 min read SPCX Quick Read SPCX shed nearly 20% in a week after Space X announced investment-grade bonds just weeks after raising equity, creating a supply shock passive funds couldn t absorb.
Wilson identified leveraged ETFs and 3-day options as the amplifiers forcing dealers to sell into weakness and buy into strength, swinging Reddit sentiment from 72 to 18.
The selloff spread globally, with South Korea s Kospi dropping over 8% and MSCI Asia falling 2%, exposing dangerously concentrated regional tech exposure.
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