Stocks Are Suddenly Puking...

zerohedge2021-09-08

Yesterday it was cryptos, this morning it appears US equities are in line for the monkeyhammering.

It is unclear what the catalyst for the drop was - it occurred with significant delay from anydebt ceiling talk or Manchin's statements- though some are noting the surge in JOLTS could have triggered some weakness as it may bring The Fed closer to tapering.

The dollar is spiking at the same time...

As SpotGamma notes,there is a major inflection point (support) specifically at 4490 and major support at 4440.

We think it would take some type of fundamental push to break that level.

In other words, things could get “chippy” but we don’t see things positioned for a large drawdown (>1%).

The big question is - What will Robert Kaplan do?

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精彩评论

  • JayeR
    2021-09-09
    JayeR
    This is weird….
  • rossannathom
    2021-09-09
    rossannathom
    Never ending! 
  • RichyRick
    2021-09-09
    RichyRick
    Is time for market correction.
  • StevenTanHC
    2021-09-09
    StevenTanHC
    What happening?
    • L1324
      mean market is moving
  • andrew123
    2021-09-09
    andrew123
    As each day past, mkt correction is just the corner
  • PearlynCSY
    2021-09-09
    PearlynCSY
    All 3 major US stock indices on super bull run since start of Covid pandemic due to massive QE and loose monetary policy. Healthy correction long long overdue
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