Loading ...Capitulation? Stocks Hit With 4th Largest ‘Sell Program’ In History This Morning
The difference between upticks and downticks on the NYSE this morning hit a stunning -2,057. There have only been three other ‘sell programs’ of this size or larger in market history…
On the three prior events (6/11/20, 5/11/21, 9/20/21), the S&P bounced in the following days…
But, as the following chart shows, it’s different this time – The Fed Balance Sheet is shrinking!!
In case you think this is the ‘capitulation’ moment, BofA suggests no…
https://www.zerohedge.com/markets/capitulation-stocks-hit-4th-largest-sell-program-history-morning