S&P Falls Back Below 3,000; Bitcoin & Bond Yields Tumble

Momentum is dramatically bid this morning as bond yields and bitcoin tumble and the S&P 500 reverses early gains following disappointing consumer confidence data…

Value factor is being sold as momo goes fomo…

Source: Bloomberg

Treasury yields are also diving, below yesterday’s lows…

Source: Bloomberg

And Bitcoin is being dumped to near one-month lows…

Source: Bloomberg

As the S&P 500 loses 3k again…