Stocks Panic-Bid Back To Unchanged After Ugly Overnight Session

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

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