DOW dives on interest rate panic – down almost 900 pts in 2 hours 📉

13 06 2022

Daily Mail [UK] –

Dow Jones plummets nearly 900 points in just TWO HOURS and S&P 500 enters bear market territory amid fears aggressive interest rate hikes could spiral economy into recession

S&P 500 fell 2.4 percent about an hour before the opening bell


Follow the rollercoaster at MarketWatch.

 

 

 

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16 responses

13 06 2022
flyingcuttlefish

James Howard Kunstler –
“… And yet, that demolition of the global economy proceeds a’pace as, with all demolitions, once things start crashing, nothing will stop it. Supply chains for everything are breaking, with sneaky ramifications. For instance, the ammonia-based chemical additive for diesel fuel used to reduce nitrogen oxide emissions from trucks is getting scarce. New EPA rules require computerized sensors in truck engines that register nitrogen oxide levels. If they are too high, the sensors automatically cut the engine. Result: trucks stop running. Further result: nothing gets delivered. Furthest result: you starve.”
https://kunstler.com/clusterfuck-nation/careening-towards-grace/

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13 06 2022
flyingcuttlefish
13 06 2022
flyingcuttlefish

Bitcoin tumbles through $24,000 in crypto crash. This chart shows how much worse a selloff could get.
https://www.marketwatch.com/story/bitcoin-tumbles-through-24-000-in-crypto-crash-this-chart-shows-how-much-worse-a-selloff-could-get-11655124356?mod=home-page

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13 06 2022
13 06 2022
flyingcuttlefish

Wall Street on Parade –
Five U.S. Megabanks Have Lost $300 Billion in Market Cap in One Year; Crypto Is in Meltdown this Morning; and the Fed Will Hike Rates Further on Wednesday
https://wallstreetonparade.com/2022/06/five-u-s-megabanks-have-lost-300-billion-in-market-cap-in-one-year-crypto-is-in-meltdown-this-morning-and-the-fed-will-hike-rates-further-on-wednesday/

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14 06 2022
flyingcuttlefish

JPMorgan, Goldman economists now expect Fed to raise rates by three-quarters of a percentage point on Wednesday
https://www.marketwatch.com/story/jp-morgan-goldman-economists-now-expect-fed-to-raise-rates-by-75-basis-points-on-wednesday-11655163658?mod=home-page

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13 06 2022
flyingcuttlefish

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13 06 2022
flyingcuttlefish

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14 06 2022
flyingcuttlefish

Something very strange happened in the night to the DOW futures.
We didn’t get exact screen-grab but it closed way low. 8-9 hundred low.
Most of the night June 13 the DOW futures looked like Chart A.
Shortly after the opening on June 14 it showed 8 + …
Then we did a screengrab minutes later, Chart B, showing 40 – …
So some entity flipped the DOW upwards 836.02 points in that interval.
We doubt it was traders.
Maybe one person or just how the bots do hive-mind trading.

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14 06 2022
flyingcuttlefish

another strange thing …
according to

no one is talking about the stock market dive, the DOW or Wall Street. By their results only MSM is presenting info on it.

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15 06 2022
A Green Road Daily News

Reblogged this on AGR Daily News.

Liked by 1 person

16 06 2022
flyingcuttlefish
16 06 2022
flyingcuttlefish

Thursday a.m. –
DOW is sinking like a stone ….
https://www.marketwatch.com/investing/index/djia?mod=home-page

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16 06 2022
flyingcuttlefish

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30 06 2022
27 07 2022
flyingcuttlefish

Federal Reserve raises key interest rate another 0.75 percentage point
https://www.dailymail.co.uk/news/article-11054989/Fed-rate-hike-Central-bank-raises-key-rate-0-75-points.html

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