Shocking stat of the day: Cameron Crise of Bloomberg noted that there has only been one day since 1990 when the SPX has risen by at least 75 bps and the equal-weighted SPW has dropped by around 75 bps. That came on June 30, 2000, two days after a Fed meeting (and two-and-a-half months after the SOX hit its dot-com peak). We accomplished that feat in today’s trading. Perhaps it’s time to start the stopwatch ⏱️
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