Tech Stocks DROP as Market Worries No More Stimulus! CBO Warns Debt “Unsustainable”

Tech stocks have been the biggest and best of the financial system right now. More flowing in, debt building higher, more ownership and control. Suddenly, there has been another turnaround. Not the first one this sector has experienced, that’s for sure. With just about every retail investor, institutional investor, and central bank-turned hedge fund buying tech stocks, the question is: Will they ever go meaningfully down?

 

Stock market today: Dow drops more than 500 points, S&P 500 posts first 4-day losing streak since February

www.cnbc.com/2020/09/20/stock-market-futures-open-to-close-news.html

Stock sell-off accelerates and is expected to get worse before it gets better

www.cnbc.com/2020/09/21/stock-sell-off-accelerates-and-is-expected-to-get-worse-before-it-gets-better.html

Monday’s stock-market selloff sets up worst September in 18 years – MarketWatch

www.marketwatch.com/story/mondays-stock-market-selloff-sets-up-worst-september-in-18-years-11600706182

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www.zerohedge.com/s3/files/inline-images/SPX%20top%20and%20bottom_0.jpg?itok=qXoPV0o6

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www.zerohedge.com/s3/files/inline-images/NDX%20drop.jpg?itok=a1787Lxb

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www.zerohedge.com/s3/files/inline-images/tqqq%20flows%209.21.jpg?itok=PJoYYZVS

Deutsche Bank, JPMorgan lead drop in bank shares amid suspicious funds report

www.cnbc.com/2020/09/21/deutsche-bank-jpmorgan-lead-drop-in-financial-shares-amid-report-the-banks-moved-suspicious-funds.html

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www.zerohedge.com/s3/files/inline-images/HSBC25.png?itok=CI1nlGxz

A financial crisis could surprise investors ‘sooner rather than later,’ warns Deutsche Bank – MarketWatch

www.marketwatch.com/story/a-financial-crisis-could-surprise-investors-sooner-rather-than-later-warns-deutsche-bank-11600686154

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images.mktw.net/im-234421?width=1260&size=0.7819181429444105

After the Stimulus Binge, Brace for a Crash – Reason.com

reason.com/2020/09/21/after-the-stimulus-spending-binge-brace-for-a-big-crash/

Congressional Budget Office: Federal debt nears ‘unsustainable’ levels – Washington Times

www.washingtontimes.com/news/2020/sep/21/congressional-budget-office-federal-debt-nears-uns/

Government debt rose at a 59% pace in Q2 amid effort to halt coronavirus

www.cnbc.com/2020/09/21/government-debt-rose-at-a-59percent-pace-in-q2-amid-effort-to-halt-virus.html

A Covid Surcharge on Restaurant Checks? Some Owners Are Wary – The New York Times

www.nytimes.com/2020/09/17/dining/nyc-restaurant-surcharge-covid.html