Circuit Breakers Trigger Again

Image placeholder title

For the second time in three days, Stock Market Volatility Triggers Kicked In.

An exchange-mandated circuit breaker halted trading for 15 minutes for the second time in three days after the S&P 500 fell 7% from its Tuesday close.


Trading will pause again if the index drops 13% during Wednesday’s session -- a drop of that magnitude would bring the S&P to 2,200.39. A 20% intra-day drop would see markets close for the remainder of the session.

Markets are trading again but the circuit breakers failed to stop the decline.

The DOW is down over 2000 points (9.4%) with the S&P 500 down 190 points (7.8%). The Nasdaq is down 533 points (7.2%).

You cannot blame Trump for the coronavirus unless you believe in conspiracy theories, but you can blame his handling of it and his arrogant Tweets in general.

Mike "Mish" Shedlock

Mother of All Sucker Rallies Sends Dow 1,000 Points Higher

Following a brutal four days in a brutal month, stocks staged a massive rally. Alas, it won't last.

Stock Market Erases All Gains of 2019

The S&P 500 rose almost 29% in 2019. Today those gains were erased this morning but now stocks are off the lows.

Wild Week: Biggest Momentum Swing in History, S&P and Dow Recap

Let's recap the week with a look at swings in the Dow, S&P 500, and momentum.

Stock Market 10% Plunge is the Worst Since 1987

The Dow fell 10%, the S&P 500 futures fell 10.6%, and the Nasdaq futures fell 10.5% in a stunning rout.

No Improvement in Corporate Profits Since 2012

The BEA tells us today that Corporate Profits are down 1.1% from a year ago. Profits are below a level reached in 2012.

Kanye West Feels Like Superman Embraces Trump in Oval Office, Rants on 40 Topics

Kanye West Embraces Trump in Oval Office, gives a profanity-laced speech on 40 topics that leaves Trump speechless.

Huge Divergence Between the DOW Tran Index and Dept of Transportation Stats

Transportation is humming according to the US Bureau of Transportation. The Dow transportation index is another matter.

Apple Cracks, Tech Sector, GE Hit by Weak Forecasts, Trump Blames Democrats

Apple and tech stocks started a decline with earnings weakness. The Dow went along for the ride. Trump blames Democrats.

Dow 20,000: Another Magazine Curse? Amusing Cover Flashbacks From Economist, Newsweek, Others

Barron’s is going wild over the Dow. The magazine says Get Ready for Dow 20,000.