S&P Gives Up Vaccine Gains, Tech Is Tumbling As Momo Meltdown Accelerates
Tyler Durden
Tue, 11/10/2020 – 10:45
Well that all de-escalated quickly.
After the exuberance yesterday, the afternoon weakness is continuing today with the S&P now underwater from the Pfizer headlines and Nasdaq down over 6%…
The tech wreck is being accelerated by the record-breaking collapse in momentum…
And for now, the recent surge in yields is stalling at recent highs…
…ignoring the momo/value pair’s collapse…
The dollar couldn’t care less and is flatlining for now..
…we ‘re gonna need another vaccine!
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