The S&P 500 has recovered from an intraday loss of more than 3.98% only three times (since HLC data began in 1977):

Wow.

The S&P 500 has recovered from an intraday loss of more than 3.98% only three times (since HLC data began in 1977):

Jan 24, 2024 (today)
Oct 16, 2008 = down -4.63% and closed up 4.25%
Oct 23, 2008 = down -4.28% and closed up 1.26%

H/T @biancoresearch

— Michael Goodwell (@MichaelGoodwell) January 24, 2022

One of these things does not look like the other. Can you guess which one it is? pic.twitter.com/hUTnKduy8m

— Jim Bianco (@biancoresearch) January 24, 2022

NASDAQ now has a negative return year-over-year.

— Jeffrey Gundlach (@TruthGundlach) January 24, 2022

Market Caps…
Apple $AAPL: $2.67 trillion
Microsoft $MSFT: $2.23 trillion
Google $GOOGL: $1.74 trillion
Amazon $AMZN: $1.47 trillion
Tesla $TSLA: $932 billion
Facebook $FB: $860 billion
Bitcoin $BTC: $690 billion
Berkshire Hathaway $BRKB: $677 billion
NVIDIA $NVDA: $584 billion

— Charlie Bilello (@charliebilello) January 24, 2022

The Fed has ended EVERY cycle in U.S. history, but it won't end the longest cycle in history.

Sure.

This is the fastest tightening EVER. pic.twitter.com/jodwnD7IVf

— Mac10 (@SuburbanDrone) January 24, 2022