AN HOUR TO GO AND IT IS NOT LOOKING GOOD - SPX BELOW 200DMA & AT LOWEST LEVEL SINCE JUNE
Gapped lower at open and just pressed progressively further to bottom right through session.
Started out on softer govts tape and underwhelming showing from GOOG & TXN overnight.
Not often you’ll hear US traders cite the plight of a midcap European name as a potential catalyst for a soft tone in NY, but that’s exactly what we had today when fintech was expected to be negatively impacted by the 59% drawdown in WLN FP.
NEWSFLOW KEPT COMING THROUGH THE DAY – AND NONE OF IT HELPFUL!