So far, the same market dynamic as yesterday.#Stocks open higher but fail to attract more net buyers, including FOMO and BTD inflows. Prices start fading.
Currently, the Dow has given up an over 200 point gain and the NASDAQ is notably underperforming.
Let’s see how this evolves pic.twitter.com/QjgmNKmUrp
— Mohamed A. El-Erian (@elerianm) September 11, 2020
Here are worst 10 VXX performances with the SPX -5% or more MTD since Apr 04: pic.twitter.com/hPs54QO87I
— Matt Thompson, CFA (@dynamicvol) September 11, 2020
"Without direct government transfers (stimulus and unemployment paychecks), continued central bank interventions, and massive borrowing from future generations, this “new normal” would have already collapsed." JPM's Kolanovic
— zerohedge (@zerohedge) September 11, 2020
FANGMAN (Facebook, Apple, Netflix, Google, Microsoft, Amazon, Nvidia) has lost >$1tn in mkt cap within a week but still accounts for >25% of the total market value of all S&P 500 comps. pic.twitter.com/0Vftmp1PuB
— Holger Zschaepitz (@Schuldensuehner) September 11, 2020