Day 1 after the biggest (takeover) stupidity of all time …
What happened today?
Yes, we got the expected bounce in equities … and yes, it faded soon …
we had a squeeze in the last hour … surely the PPT was involved
The interesting thing seems to be … as so far nothing fundamental has changed yet … investors are just dashing to the sidelines, closing positions.
So still the US Dollar gains ground, Tech shares suffer and commodities related stocks as well …
Homebuiders, financials and retail shares get covered … investors try to escape out of positions ahead of the quarterly futures and options expiration and the end of Q3.
Deleveraging still key …
Stay tuned …
Tags: deleveraging, expiration, PPT, Q3
