From 'Hope' To 'Nope': Stocks Tumble After "Disagreements Remain" On COVID Relief

After an overnight surge on the back of nothing but hope, the answer from Pelosi and the Democrats appears to be 'nope' as headlines state that "disagreements on stimulus language remain," pouring cold water on the belief that a deal wil lget done by tomorrow's Pelosi-mandated deadline.

This sent stocks to the low of the day...

It would appear that "hope" and "optimism" can only jolt the algos so many times before they get wise to it.