NBS on Nostr: At worst today: S&P hit -4.8% Nasdaw -6.5% VIX +180.6%, highest since COVID 30yr ...
At worst today:
S&P hit -4.8%
Nasdaw -6.5%
VIX +180.6%, highest since COVID
30yr Bonds up 2.5 handles
Even Gold -1.85%
Much of these moves reverted by end of day but what the fuck happened? A few things, which started on Friday.
Overnight before the open on Friday, the Bank of Japan unexpectedly hiked rates which sent Japanese equity indices down some 5%. This in turn sent US equity indices lower at night before the open. All of this ahead of the monthly jobs report Friday...
Continued
S&P hit -4.8%
Nasdaw -6.5%
VIX +180.6%, highest since COVID
30yr Bonds up 2.5 handles
Even Gold -1.85%
Much of these moves reverted by end of day but what the fuck happened? A few things, which started on Friday.
Overnight before the open on Friday, the Bank of Japan unexpectedly hiked rates which sent Japanese equity indices down some 5%. This in turn sent US equity indices lower at night before the open. All of this ahead of the monthly jobs report Friday...
Continued