Nasdaq Tumbles Into Red, Erases Overnight Gains, Bonds Bid

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by Tyler Durden
Monday, Nov 02, 2020 - 12:47 PM

A lack of comprehension at the overnight panic-bid has been complemented by a lack of comprehension for the down-draft in Nasdaq since the US equity market opened.

Small Caps were outperforming out of the gate relative to mega-cap tech but the entire market is rolling over now...

Bonds were bid all night, ignoring equity's exuberance...

With vol so high, it should be no surprise that stocks are fading the uncertainty...