Top trending tickers on Stocktwits this morning...
1. $TLT -0.6% 👑
2. $JPM +1.7%
3. $COLS +0.5%
4. $JASMY +19.3%
5. $GLD +1.9%
Wanna see the full list? Head over to Stocktwits!
The Fed looking at that PPI drop like 😅
Inflation falling off a cliff and the market’s still wondering “Should we celebrate or panic?”
📉 -0.4% instead of +0.2% — not a typo!
$SPY #PPI#inflationcooling#news#StockMarketNews
If the S&P 500 opens down more than -1%, it will be the 6th gap down that large in 8 days.
Since the 1982 inception of the futures market, it has happened only once before.
The market bottomed 5 days later.
The bond market just BROKE:
In just 3 days, the 10Y Note Yield surged 60 basis points while the S&P 500 fell -8%.
This marks the LARGEST 3-day increase since 1982 and one of the largest divergences in history.
What happened? The basis trade broke.
(a thread)