“Sell The News”? Nasdaq Collapse Erases Entire Overnight Tech Surge
Tyler Durden
Fri, 07/31/2020 – 10:22
Update (1020ET): Wow! From gains of over 2% overnight, Nasdaq is now almost red along with the rest of the US major equity indices…
Small Caps are crashing hard and The Dow has broken back below its 200DMA…
GOOGL is down significantly along with MSFT as AMZN, AAPL, and FB all remain up large but losing gains quickly…
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The overnight explosion higher in Nasdaq – on the heels of blockbuster earnings from the tech giants – is fading extremely fast as the US cash markets opened…
More than half of the Nasdaq’s gains are gone and Small Caps are ugly…
“…sell the news?”
Gold is also sliding at the same time after Futures topped $2000 this morning…
Is this month-end flows?
via ZeroHedge News https://ift.tt/30d20eG Tyler Durden