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
NBS /
npub1vf…j47ny
2024-08-05 23:12:41
Author Public Key
npub1vfehkh0e8d84tul604e0rn4plrj8l8t6y8h6s6ce2cnqxazdpvaq0j47nyPublished at
2024-08-05 23:12:41Event JSON
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"content": "At worst today:\nS\u0026P hit -4.8%\nNasdaw -6.5%\nVIX +180.6%, highest since COVID\n30yr Bonds up 2.5 handles\nEven Gold -1.85%\n\nMuch of these moves reverted by end of day but what the fuck happened? A few things, which started on Friday.\n\nOvernight 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...\n\nContinued",
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