US equity indexes closed powerfully lower, SPX -98pts (2.6%) at 3750. Nasdaq comp' -2.6%. Dow -2.0%. The Transports settled -2.9%.
sp'daily5
VIX'daily3
Summary
US equities began the day on an ugly note, with the SPX spiraling to 3767, and a subsequent bounce to 3810.
Chamath vs Wapner
Chamath made an appearance on the CNBC lunchtime show, with an update that he had closed out his Gamestop long (via option CALLS) trade, with the proceeds to go to the Barstool charity/fund.
... continuing...
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For the FULL podcast version.. which I highly recommend...
see: https://cms.megaphone.fm/channel/cnbchr?selected=CNBC4553694395
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The afternoon saw a secondary wave lower, as the Fed/Powell failed to inspire Mr Market...
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| Powell, CEO of the US branch of Print Central |
The market broke new lows in the closing hour, with the SPX printing 3732.
Volatility spiked, the VIX settling +61.6% to 37.21.
Finally...
Stockmarket to the moon.... the irony indeed.
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| Spacewalking |
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset
Goodnight
from London
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