BOOM! The Round Number Gives Way…

Sharing is Caring!

by Chris

Remember, stocks are for show, but bonds are for dough!

The S&P 500 has just convincingly lost the 2700 level having danced there for several days, crossing that not-so-magical line-in-the sand 10 times just today.

But once breached for the last time, we are now a full -25 points past that.

The various corporate bonds that are sinking and the financial ETFs out of the US and the EU indicate that something serious is brewing here.

READ  Joe Biden Gifts Boris Johnson $6k Bike, Johnson Gives a Photo Printed From Wikipedia

One odd note is that gold is just sitting there, doing nothing.  I suspect that doesn’t last much longer.

READ  Trump gives exclusive reaction to Biden's 'weak' performance on the world stage

Game on.

Deutsch Bank (DB) is down 6.5% and Credit Suiss (CS) 4.4%.

Today’s board from finviz.com  Quite dramatic.

Only beverages and utilities are green today.

494 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.