Wednesday, 15 April 2020

Broken delusion

US equity indexes closed very significantly lower, sp -62pts (2.2%) at 2783. Nasdaq comp' -1.4%. Dow -1.9%. The Transports settled -2.1%.




US equities opened very significantly lower, after a barrage of horrific econ-data. There was a recovery into late afternoon, but it wasn't anything for the bulls to have hope for early Thursday. Volatility picked up, with the VIX settling +8.2% at 40.84.

Broken delusion

I could rant a considerable amount on the following issue, but I'll have to be brief.

Its interesting how a single day can change things. Just yesterday, the cheerleaders on clown finance TV, were exceptionally positive. After all, we had the sp'2800s, and all those green equity boxes meant everything would soon be fine in the US/global economy, right?

This morning's set of econ-data was horrible... some was historically bad. Yet March will be nothing compared to the apocalyptically bad data for April and May. I will merely add... we have 'interesting times ahead'.

Too big to fly, or rather.. fail, with bailouts for the flying cans of Corona.

Sunset in the city of mass hysteria
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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