S&P Tumbles From Record-High To Red Year-To-Date In 2 Days

Well that didn't take long... Friday morning's post-payrolls record all-time high in the S&P 500 (because, as Steve Liesman said, "he can't find any reason to be bearish about jobs data") has rapidly collapsed to being negative year-to-date (and worst start to a year since 2009's crash). Only the Transports remain green in 2014, with the Dow, Nasdaq (worst start to a year since 2008), and Russell all coincidentally gathered around a 2% negative return YTD.

 

 

But April is the best seasonal month in the year?

Of course USDJPY is about to test 103 again so prepare for a bounce...


Biotechs are back to red after bouncing to various VWAPs (and Friday's major volume plunge VWAP levels)... and breaking back below its 200DMA at $132