All Hell Breaks Loose As Stocks Plunge Into Bear Market, 5th Largest ‘Sell Program’ In History ~ June 17, 2022

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– For all those claiming that stocks had priced in 3 (or more) 50bps (or more) rate hikes, we have some bad news.

All hell is breaking loose on Monday, with futures tumbling (again) into bear market territory, sliding below the 20% technical cutoff from January’s all time high of 3,856 and tumbling as low as 3,798.25 – taking out the May 10 intraday low of 3,810 – before reversing some modest gains.

S&P 500 futures sank 2.5% and Nasdaq 100 contracts slid 3.1%, in a session that has seen virtually everything crash. Dow futures were down 567 points at of 730am ET.

One thought on “All Hell Breaks Loose As Stocks Plunge Into Bear Market, 5th Largest ‘Sell Program’ In History ~ June 17, 2022

  1. A LOT of the “gains” in the market have been artificial due to the massive infusion of fake money from the Fed Reserve. Same with housing that has been artificially over priced. Surely all have noticed as interest rates descended, housing prices went UP? So as interest rates go up, buyers will not be interested in paying too much and sellers will have to drop their prices. Its a seesaw.

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