Mizuho predicts this is the next $1 trillion stock
Tomorrow we have Jobless Claims, Retail Sales, Import and Export Prices, EIA Natural Gas Report, 5 Yr-TIPS, and a 30-Year BondAuction.
Where did all the PANIC go? Dow, S&P 500, all reverse from sharply lower to higher on the day.
Dow was down 277 points and traded all the way back to unchanged to higher.
The S&P 500 sold off all the way down to 2050, VIX got back down to 13.77.
PPT/ S&P China Push back.
Margin calls and forced liquidation = capitulation.
High: 2084.50 Late
Low: 2047.00 Early morning
Last: 2081.70 Up 2 Handles
Volume: 2.35mil ESU and 9k SPU traded in the pit.
MOC: Sell $340mil
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