Stocks Panic-Bid Back To Unchanged After Ugly Overnight Session
Well that de-escalated quickly...
US equity markets have got back to 'even' after ramping violently at the cash market open on what smells like more of a gamma spike than any real buying...
It appears the bounce is off some critical technical levels (Nasdaq at 50DMA and Russell 2000 at 200DMA)...
Bonds and Gold remain higher post-FOMC Minutes and stocks lower for now...
What happens now?...
Tyler Durden Thu, 08/19/2021 - 10:14