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The S&P 500 closed right on the 200 day Maginot Line.
Recall, we learned earlier in the week that G10 macro data is back at 2016 lows…
Any questions?
Another 90% down day. All S&P sectors down today.
Here is where it gets interesting. Employment report Fridays are generally trend up days. There were only two exceptions to that rule in the past 12 months – Today, and February 2nd.
Today’s point loss was -58 versus -59 in February. Both were 90% down days. The Monday following Feb. 2nd, was the biggest down day since the smash crash in August 2015: