Dow Dumps 450 Points, Hits 3-Week Lows

Well that escalated quickly...

Nasdaq joins S&P and Dow in the red...

Nasdaq futures just broke below the 200DMA and Nasdaq Composite is nearing its 200DMA...

As The S&P drops back below the key 2800 level...

Quadruple Top it is...

The Dow hits 3-week lows...down over 450 points from the earlier highs

The dollar just keeps getting stronger in a well-contained range...

And bonds are bid...

Still no catalysts for this drop from a headline perspective.

As a reminder:

  • December 2018: U.S., CHINA CLOSE IN ON TRADE DEAL: WSJ

  • January 2019: U.S., CHINA CLOSE IN ON TRADE DEAL: WSJ

  • February 2019: U.S., CHINA CLOSE IN ON TRADE DEAL: WSJ

  • March 2019: U.S., CHINA CLOSE IN ON TRADE DEAL: WSJ