by ZeroHedge News Staff at ZeroHedge
The ‘one-way-trade’ of January is rapidly unwinding in February with stocks finally getting the joke today and accelerating their catch-down…
Source: Bloomberg
Better than expected PMIs didn’t help as the ‘no landing’ narrative is now driving the market’s reality ever more hawkish with expectations for the Terminal Rate now above 5.35%, and barely any rate-cuts priced in at all for 2023…
Source: Bloomberg
The NYSE TICK Index (Upticks vs Downticks) was extreme today – one of the most extreme days we have seen in a long while – with barely any positive trends at all as selling was practically non-stop from the open…
Source: Bloomberg
Small Caps were the days biggest loser, followed by Nasdaq…
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