#nasqad
nasqad
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The market slipped hard today as heavy selling hit tech and dragged the Nasdaq down almost 2.4 percent with the S&P 500 following.
Nvidia opened strong with a big early jump but flipped red by the close, a classic sell the news moment that showed the AI momentum is losing steam for now.
The VIX moved above 26 which tells you fear is rising fast and traders are paying up for protection. Pressure increased ahead of the massive 3.1T options expiration as dealers unwound hedges and pushed more selling into the market.
On top of that unemployment touched 4.4 percent with wages still sticky which raised fresh worries about stagflation. $BTC $ETH $XRP #Nasqad #ProjectCrypto #CryptoIn401k
Nvidia opened strong with a big early jump but flipped red by the close, a classic sell the news moment that showed the AI momentum is losing steam for now.
The VIX moved above 26 which tells you fear is rising fast and traders are paying up for protection. Pressure increased ahead of the massive 3.1T options expiration as dealers unwound hedges and pushed more selling into the market.
On top of that unemployment touched 4.4 percent with wages still sticky which raised fresh worries about stagflation. $BTC $ETH $XRP #Nasqad #ProjectCrypto #CryptoIn401k
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