S&P Gives Up Vaccine Gains, Tech Is Tumbling As Momo Meltdown Accelerates

S&P Gives Up Vaccine Gains, Tech Is Tumbling As Momo Meltdown Accelerates

Tyler Durden

Tue, 11/10/2020 – 10:45

Well that all de-escalated quickly.

After the exuberance yesterday, the afternoon weakness is continuing today with the S&P now underwater from the Pfizer headlines and Nasdaq down over 6%…

The tech wreck is being accelerated by the record-breaking collapse in momentum…

And for now, the recent surge in yields is stalling at recent highs…

…ignoring the momo/value pair’s collapse…

The dollar couldn’t care less and is flatlining for now..

…we ‘re gonna need another vaccine!

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Author: Tyler Durden

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