S&P Gives Up Vaccine Gains, Tech Is Tumbling As Momo Meltdown Accelerates

Well that all de-escalated quickly.

After the exuberance yesterday, the afternoon weakness is continuing today with the S&P now underwater from the Pfizer headlines and Nasdaq down over 6%…

The tech wreck is being accelerated by the record-breaking collapse in momentum…

And for now, the recent surge in yields is stalling at recent highs, ignoring the momo/value pair’s collapse…

…we ‘re gonna need another vaccine!