Circuit Breakers Trigger Again
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