Stocks Open With 5th Largest ‘Sell Program’ In History; Bonds, Bitcoin, & Bullion All Battered | ZeroHedge

https://www.zerohedge.com/markets/stocks-open-5th-largest-sell-program-history-bonds-bitcoin-bullion-all-battered

Key Events This Busy Week: Central Bank Bonanza And A Critical Fed Rate Hike
Tyler Durden’s Photo
BY TYLER DURDEN
MONDAY, JUN 13, 2022 – 10:17 AM
While the week starts slow on the data front – if not in the widespread liquidation gripping all markets – things pick up fast in the next few days, and this week is squarely and firmly all about the FOMC meeting on Wednesday. We go into it with the 2yr US note up +25bps on Friday and another c.+15bps this morning, which briefly re-inverted the 2s10s curve, in some clearly dramatic moves.

US cash equity markets opened with no panic-bid, instead being met with a wall of selling after the ugly overnight futures session.

The selling wave was almost unprecedented, with a TICK below -2000 – the fifth largest ‘sell program’ in history…

As Bloomberg notes, sell programs of this size are typically not single events. They tend to happen in clusters and that probably means stocks might be in store for bigger losses.

This puke sent the S&P 500 to the lows of the year and into bear market territory…

Elsewhere, the picture is just as bloodbath-y with Bitcoin puked back below $24k…

Gold topped $1880 briefly then plunged back below $1840…


The Tribulation is commencing…

Please repent, carry your cross daily and accept the free gift of Jesus Christ’s Death on the Cross for payment for your sins.

#Yahweh #Yeshua #HolySpirit #LordAlmighty #SovereignLord #Nameaboveallnames #TheWay #TheTruth #TheLife #TheGate #Heaven #KingdomofHeaven #Saved #Glorified #Endtimes #LastDays #FeastofTrumpets #markofthebeast #verseoftheday #birthpains #Judgement #Christian #Christianity #hope #love #Jesus #Christ

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