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The Magnificent 7 dropped by more than $750 Billion yesterday
Source: Evan, Yahoo Finance
Bulls praying to Lord Powell for a rate cut next week
Source; Barchart
Thank you Crowdstrike... that's soooo king of you....
Source: Barchart
Trump odds of winning the Presidential election are BELOW where they were after the debate…
Source: Predictit
The steepening trade continues with US 2s/30s yield spread jumping to 12bps, the highest since 2022.
Source: Bloomberg, HolgerZ
WHAT A DAY...
🌩 Mag 7 stocks all finished in the red today and have erased erased over $500 BILLION of market cap today. ⚡ Nasdaq and S&P 500 had worst their day since 2022 ☄ The S&P 500 just fell over 2% for the first time in 356 trading sessions. It ended the longest stretch without a >2% pullback since 2007 Source: Bloomberg
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