Thursday, July 27, 2017

Tech Wreck 2.0? FANG Stocks Suddenly Slammed, Nasdaq Dives, VIX Spikes Above 10

VIX is suddenly spiking higher (back above 10) and stocks lower - amid no obvious catalyst...




Nasdaq is tumbling...




As Dow Transports suffer their second biggest drop in 10 months...




And FANG Stocks dive...




NFLX and GOOGL are the big laggards today/this week...



We note that Bloomberg reported earlier that gains for Facebook and Amazon.com account for about two-thirds of the S&P 500’s 5 point gain.


Do Algos read Howard Marks?

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