Global markets tumbled over the weekend as recession worries intensified, pushing US stock markets (^DJI, ^IXIC,^GSPC) lower. The tech sector (XLK) and...
analyze the situation, offering insights into the sectors and companies bearing the brunt of the sell-off in U.S. stock markets .The market sell off as it stands right now, let's give you a better idea of exactly the type of pressure that we are seeing across the board.
We have been off just about 18 basis points there, the worst drop that we had seen in just about nine months.That's happening for the first time since July of 2022. If you got Bitcoin on track to open off just about 18% although it trades 24 7 here, so it is falling just about 18% holding right above that $50,000 level.We're looking at the biggest drop that we have seen since November of 2022.
And this is, of course, what the street knows is the Fear Gauge Index and taking a look at just some of those levels here, the biggest daily jump since February 2018.We'll see exactly where that is compared to. But ultimately crossing below this 200 day moving average, you've got names like Amazon, a MD, a SML sales force and Chevron.
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