The markets sold off yet again today as investors continue to run as fast as they can away from this market. The Dow 30 sold off another 464 today. The index has now fallen 5 days in a row losing over 7% in that time period. The S&P 500 sold off 39 in it's sixth straight day of losses, and the Nasdaq 100 lost 108, falling into a bear market.
Oil continued it's crash today, making new 52-week lows once again. From September when oil hit a new 52-week high prices have fallen almost 70%. It has also been the fastest move on record for oil to move from 52-week highs to 52 week lows.
Gold saw it's most significant bullish day in over a month as investors raced to the thought of buying up the precious metal. Though returns have underperformed almost every other asset class over the long term, somehow investors feel this is the safety trade against the dollar still.
Semiconductors fell to new 52 week lows again today as investors continue to run from anything tech related, likely locking in capital losses for any positions going into the end of the year. The sector has lost over 35% since hitting a high back in February.
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