And Down We Go!

2023-08-02 / Bruce Marshall

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In this video, we review today’s market action and the big flush lower. We ended the day 63 points lower in the SPX and 2.20 higher in the VIX and 10- and 30-year bond yields higher. The good news is that we did hit and hold support levels around SPX 4500, so now we need to see if these levels are going to hold and we bounce, or do we roll over from here?

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Bruce Marshall

Bruce began his career working for a Wall Street firm on a bond desk after the Crash of ’87. He spent several years trading bonds until he switched to the equity side which developed his love of trading equities and options early on. He traded IPO’s, secondaries, and preferred’s. In the early days, he actually had to hand write “tickets” to buy and sell securities.

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