Thursday, February 27, 2020

Never Before

Never say never
At heaven's elevator door
--Vanity

Never before have the Dow (-1191), SPX (-138), or COMP (-414) lost as many points on a nominal basis as they did today. Never before has the 10 yr T-note yield closed as low as it did today (1.299%).


After the pounding we've seen so far this week, a significant oversold bounce wouldn't surprise.

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