anyway
after the electionAND
you throw in the Trump rally "fluff", well now we are looking at 10%-20% downside. Robots may be sensing that, but there is not a robot made that has seen some real downside action. Don't know about you but it gives me chills.So, the major averages (DOW, S&P 500, NASDAQ Composite) slowly sold off all day and all three finished with "noticeable" losses. Also slowly, the 10 yr note now yields 2.23% and the VIX is holding around 16. Just saying. Damn, those robots are sneaky and good.
One of the weakest sectors has been the fintech space. The way I track it is via the 50 stock KBW NASDAQ fintech indexKFTX
which is a more 'pure' fintech view since it doesn't include the heavily crowded Amazon, Tesla, Apple, etc types (wait till selling hits them). Anyway, theKFTX
lost 9.69
points (-0.87%
) today to close at 1106.62. Advance/decline was 'nasty' with 7 stocks up, 41 down and 2 unchanged. Let's check which issues had a 2 point and/or 3% move today.ADS
-3.99 (234.91)
FICO
-2.13 (126.03)
MKTX
-2.75 (178.07)
TREE
-3.75 (116.80) -3.11%
WETF
-.48 (8.22) -5.52%
So, tomorrow is a holiday (Good Friday) and the bunnies (Easter, not Playboy) will be hopping around all weekend. Remember to get your chocolate eggs hidden. Have a very nice evening and weekend.