Very odd.
MOVE index spiked the most in its history.
45% surge in one day.
Other extreme moves happened:
– Prior to the S&L crisis
– During the tech bust
– During the Oil & EM CrashLooks like the Fed needs to get its hands dirty again. pic.twitter.com/9jeab3VQWW
— Otavio (Tavi) Costa (@TaviCosta) October 7, 2020
V-shaped recovery pic.twitter.com/hjS4EPJiQy
— Alessio Urban (@AlessioUrban) October 7, 2020
A massive 40% of $SPX Stocks are still down >20% from their highs.
This gauge peaked in JUNE – it's not just a narrow market, it's one of the weakest in history.
Unless there's substantial improvement soon, ANY selling of the few remaining leaders could trigger a Major decline. pic.twitter.com/6WkbYl1wLD
— Macro Charts (@MacroCharts) October 7, 2020
No stimulus. Biggest crash in history will come. The economy is really weak and can barely stand up. No checks and the little thing left of it will crash too.
— Hoz (@Hoz94s) October 7, 2020
No stimulus, no problem? https://t.co/3A5usnfIMB I think the recession is over. But does a lack of fiscal spending endanger the recovery?
— Edward Harrison (@edwardnh) October 7, 2020