Thousands of people dressed in Santa Claus costumes gather at Times Square during the annual SantaCon celebration in New York.
It wasn’t supposed to be this way. Investors had every reason to expect stocks to finish the year on a high note, but any Santa Claus rally is in real jeopardy now.
The NYSE Composite Indexhas plunged below both its 50-day and 200-day moving average for the first time since early October, a dangerous technical condition that presages deeper losses in the days to come. High-yield corporate bonds have been slammed back to late 2013 levels. Fear is in the air as the CBOE Volatility Index (VIX) surges higher. Safe-haven seekers are pouring into Treasury bonds, pushing the 10-year yield to 2.1 percent — a level not seen since June 2013. The bond market is pricing in serious trouble.
See More
No comments:
Post a Comment
Whats On Your Mind??? About This....?