S&P 500 craters below 4300 to hit lowest level since July, on course to confirm “correction” from record highs

1/24/2022 7:41:00 PM

S&P 500 craters below 4300 to hit lowest level since July, on course to confirm “correction” from record highs By @Frank_Macro #SP500 #Equities

Sp 500, Equities

S&P 500 craters below 4300 to hit lowest level since July, on course to confirm “correction” from record highs By Frank_Macro SP500 Equities

US equity markets are trading sharply lower on Monday, with the S&P 500 index on course to confirm a “correction”, i.e. a close of more than 10% below

The Nasdaq 100 index cratered 2.9% to hit the 14.0K level, taking its on-the-year losses to over 14.0% and its pullback from the November record highs to more than 16.0%. The Dow dropped 1.9% to fall into the mid-36K area, taking its on-the-year losses to 7.5% and losses versus recent record highs to just over 9.0%. The S&P 500

Index or VIX, meanwhile, continued its recent surge and surpassed its December “Omicron” high at 35.32 to nearly hit 38, its highest level since October 2020.Driving the dayUS equities are suffering from a double whammy of concerns over Fed tightening and concerns about the potentially imminent breakout of war in Eastern Europe. Regarding the former, markets are expecting a hawkish Fed to signal intent to hike interest rates multiple times this year, as well as reveal more details on potential quantitative tightening plans. The exact timing/speed of this tightening is hotly debated, with some analysts going as far as saying the Fed might even hike rates this week and then continue hiking rates at every meeting for the rest of the year.

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Nasdaq 100, S&P 500, Russell 2000 Mauled as Risk-Off Sentiment Dominates Price ActionGlobal risk markets are under heavy selling pressure as the week starts with equities hit across the board, while cryptocurrencies are again registering heavy losses. Get your market update from nickcawley1 here:

S\u0026P 500 Forecast: Index Slams into 200-Day EMAThe S\u0026P 500 gapped lower on Friday, turned around to fill the gap, and then turned around again and broke down rather significantly.

Bitcoin Falls Below $35,000 As Selloff Nears 50% From Record HighBitcoin has dropped 9.9% over the past 24 hours, hitting its lowest level since July. must fall to 1000$ so ppls can buy and sale it BabyDogeCoin

$130 billion wiped off crypto markets in 24 hours as bitcoin, ether drop to multi-month lowsBitcoin and ether are off more than 50% from their all-time highs, trading at their lowest levels since July. Politicians are not out talking about how good the market is, because they are busy selling off their positions.

Bitcoin Drops to 6-Month Low, Ether Eyes Bearish Cross as US Stock Index Futures Erase Early GainsBitcoin and ether fell to their lowest levels since July after Goldman Sachs predicted a faster pace of Fed tightening. godbole17 I met a wonderful Meta2Earn project that will help you increase your income! 🤑 They are developing NFT game artifacts for popular metaverses and Play2Earn games! 🔥 godbole17 FUD so that those high ups can pump their own bags BTFD godbole17 Why don’t they just do it? What they are waiting for? Inflation is getting crazy! Just raise your rates and let’s move on jeez!

the recent highs printed back in the first week of 2022.Visa (V) among a raft of heavyweight companies announcing their Q4 results.GET STARTED I suspect that the market is essentially throwing a tantrum to catch the attention of the Federal Reserve.to accept bitcoin as legal tender in September.

The index slumped below the 4300 level on Monday, to hit its lowest point since last July and is currently trading in the 4270s, down 2.8% on the day and down more than 10% since the start of the year. The indices now rests on a prior swing low around 14,373 and a break below here opens the way to much deeper losses. The Nasdaq 100 index cratered 2. If we do bounce from here, then the market could go looking towards the 4500 level, which is a large, round, psychologically significant figure and an area that has offered a bit of support previously.9% to hit the 14. NASDAQ 100 Daily Price Chart – January 24, 2022 How to Short Sell a Stock When Trading Falling Markets The S&P 500 is also making fresh multi-week lows with the indices down nearly 10% since the January 4 all-time high.0K level, taking its on-the-year losses to over 14.

0% and its pullback from the November record highs to more than 16.2% weighting) and Microsoft (5. This is the same thing that we had seen back in 2018, when the market threw a temper tantrum about Federal Reserve Chairman Jerome Powell suggesting that the bond purchases were going to stop.0%. The Dow dropped 1. The next level of technical support for the US 500 is seen around 4,271.9% to fall into the mid-36K area, taking its on-the-year losses to 7.” We are closing towards the bottom of the candlestick, so that does suggest that we are more than likely going to see a bit of follow-through.5% and losses versus recent record highs to just over 9. The technical outlook remains weak with a 50-day sma/20- day sma formed on January 7.

0%. The S&P 500 Index or VIX, meanwhile, continued its recent surge and surpassed its December “Omicron” high at 35. Russell 200 Daily Price Chart – January 24, 2022 What is your view on Equities and Risk – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter.32 to nearly hit 38, its highest level since October 2020. Driving the day US equities are suffering from a double whammy of concerns over Fed tightening and concerns about the potentially imminent breakout of war in Eastern Europe. Regarding the former, markets are expecting a hawkish Fed to signal intent to hike interest rates multiple times this year, as well as reveal more details on potential quantitative tightening plans.

The exact timing/speed of this tightening is hotly debated, with some analysts going as far as saying the Fed might even hike rates this week and then continue hiking rates at every meeting for the rest of the year. That is probably a little over the top – since the pandemic, the Jerome Powell-led Fed has delivered clear forward guidance that it has largely stuck to and has been averse to wrong-footing markets. That should take a rate hike this week of the table. But momentum is clearly there for four, or maybe even more, rate hikes in 2022. The rapid shift in Fed direction (no one was talking about multiple 2022 rate hikes even as recently as November) has battered the cheap-money addicted sectors of US equity markets, such as the tech sector.

In terms of geopolitics, Western powers have been making moves to remove diplomats and their families from Ukraine in a signal that they anticipate a Russian invasion to be imminent. NATO leaders have also announced intentions to bolster troop presence in Eastern Europe, signaling fears that any potential conflict could spill across Ukrainian borders and into neighboring countries. Equity markets continue to watch the escalation in rhetoric/actions with concern and strategists note that Eastern European “war risk” could remain embedded in the price for some time. SP 500 .