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

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    S&P Gives Up Vaccine Gains, Tech Is Tumbling As Momo Meltdown Accelerates Tyler Durden Tue, 11/10/2020 – 10:45 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… The dollar couldn’t care less and is flatlining for now.. …we ‘re gonna need another vaccine!

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