Stocks Suffer Worst Q2 Start Since The Great Depression

By Tyler Durden

Well that really escalated quickly…

After last week’s “paint the tape ahead of a long-weekend” melt-up into the close, the first trading day of the second quarter was a bloodbath… In fact the worst since The Great Depression…

As David Rosenberg (@EconguyRosie) summed up so precisely: New math: every tweet by @realDonaldTrump subtracts 70 points off the Dow. Keep ’em coming.

Woah…a ubiquitous opening bounce, then puked into Europe’s close, then another attempt to ignite momentum, fails and stocks puked into red for the year again…

3rd dead cat bounce in a week…

The S&P 500 and The Dow broke below their critical 200DMA… (Nasdaq is closest to its 200DMA since Brexit plunge) – there was a desperate last few minutes attempt to rally ’em back above the 200DMAs – They won with The Dow, and lost with the S&P

VIX topped 25, leading the US equity index vols higher today…

Tech led the tumble…

Lowest close for NYSE FANG+ Index since January 5th…

With Tesla bonds…

and Stocks …read more

Source:: ZeroHedge