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Crypto Cross-Corr. Proves Retail Rise, More Sideways Action

The S&P 500 closed at 4,155.86 down from 4,173.85 last Friday. The day started stronger and markets peaked at intraday high of 4,188.72 on Friday before fading into the close. Yet again, that differential masks a much bumpier ride in between. It was just another manic Wednesday this week. Another sell-off, not quite as severe as the one a week before, roiled markets on Wednesday. The S&P 500 hit an intraday low of just over 4061 that day before closing significantly higher. The initial v

The S&P 500 closed at 4,155.86 down from 4,173.85 last Friday. The day started stronger and markets peaked at intraday high of 4,188.72 on Friday before fading into the close. Yet again, that differential masks a much bumpier ride in between. It was just another manic Wednesday this week. Another sell-off, not quite as severe as the one a week before, roiled markets on Wednesday. The S&P 500 hit an intraday low of just over 4061 that day before closing significantly higher. The initial volatility, as my colleague Tom Lee pointed out, actually masked what was a pretty bullish day. Despite massive stress that spilled to stocks crypto markets held and prices recovered significantly.

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