SEC 13F Deadline Hits as EIX, PCG Lead a Heavy Selloff
Analysis
SEC 13F Deadline Hits as EIX, PCG Lead a Heavy Selloff
Highlights
- SEC 13F filing deadline today — $6B+ in AIG position disclosed at $88.73
- EIX plummets 23.07% on massive volume; PCG crashes 20.06% on 154M shares
- RUSHA/RUSHB down ~33% as Rush Enterprises collapses
Lowlights
- S&P 500 and Nasdaq futures slide while Dow futures climb — split signals after August rally
- Nasdaq has fallen in 48% of Septembers since 1971 — seasonal headwind for NVDA, MU
- AMZN falls 2.5% as FTC sues over alleged advertising price manipulation
Bull News
- TSLA jumps 5.5% to $367.95 after unveiling a cheaper Model 3 in Hong Kong; Musk weighs in on NVDA vs AMD pick
- RBLX surges 7.16% to $41.29 on strong volume; NVDA volume at 124.7M shares despite +1.48% gain at $220.78
- MRNA extended its 156% August rally but now triggers overbought momentum sell signal at $140.34
Bear News
- EIX crashes -23.07% at $53.98 with 24.8M shares; PCG crashes -20.06% at $13.27 on 154M shares
- Cathie Wood dumps $74M of AMD stock after explosive earnings — bearish institutional signal
- Nvidia pauses part of its AI financing machine; 37 bearish vs 9 bullish signals across 2,597 tickers
The market opens on two floors — Dow futures positive while Nasdaq and S&P 500 futures retreat after August's strong run. The SEC's 13F deadline adds noise with billions in positions disclosed, but the real story is the severity of today's selloff: EIX and PCG both drop over 20% on extraordinary volume, and RUSHA/RUSHB collapse 33%. Nvidia and Tesla are notable holdouts, with TSLA up 5.5% on the cheaper Model 3 unveiling and NVDA holding steady at $220.78 on massive 124.7M volume. With 37 bearish signals against just 9 bullish ones and historical September weakness weighing on tech names like NVDA and MU, the near-term bias is lower — watch whether the Nasdaq can find support before the seasonal headwind intensifies.