After a $2 Trillion Meltdown: Are You Holding/Adding or Selling?
@Tiger_comments:
Last night should have been a celebration — $NVIDIA(NVDA)$ blew past expectations and jobs data looked perfect, sending $S&P 500(.SPX)$ up 1.9% at the open. The party lasted an hour. By the close the market collapsed. The S&P plunged from its high and wiped out more than $2 trillion in market value. Nvidia swung from +5% to -3%. Bitcoin fell through $90,000. Market expectations suggest the drawdown of BTC may not be over.What’s striking is that bitcoin’s plunge began before the U.S. equity sell-off — risk appetite appears to have cracked first in crypto, then spilled into stocks. Fear spiked: the VIX jumped above 26 and markets slid straight into panic mode. PCR lifts but doesn’t reach April level