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Hard-Landing Panic Leads To First Yield Curve Disinversion In Two Years, As Nvidia Plunge Continues
If yesterday's market dump was a bang, today's continued selling more of a whimper. One day after the biggest drop in the S&P since the August 5 rout (which however was followed by a just as violent episode of BTFD) today stocks saw continued selling, with what little interest to buy the dip emerged promptly faded right around the time Europe closed for trading, prompting renewed if more gradual selling, which has pushed the S&P down 0.3%, a far cry from yesterday's 2% dump, and sent it back to where it was after last month's much stronger than expected retail sales report. chart Under the surface it was more of ... (full story)
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- Posted: Sep 4, 2024 9:35pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,287
