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Maybe we will still see a sell in May and go away?
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Loading...The Christmas sale was almost forgotten, but ... The sale from the last US session reminded of that period again, but it was even worse.
There is no problem in the volume of the sell - off , but the speed at which it happens. At one point in the session, 89% of NYCE shares traded in red, exceeding the record on December 24th. The drop from then dropped 2.7% of the S & P500 value and sent it to a 20-month low.
"That's what the market looks like when it starts calculating the effect of raising tariffs," says Michael Antonelli, director and market strategist at Robert W. Baird & Co. "You can hardly argue that this is a healthy correction."
During the decline in US stocks, the Cboe Volatility Index recorded a 25% jump recording its biggest single-day rally for the past five months. Option traders were also under pressure, with the total put and call volume of the VIX-indexed options reaching $ 2.4 million, most since February 8, 2018.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
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