After an opening gap down, U.S. markets recovered to near unchanged in the opening 80 minutes, but when five minutes later, a quick thrust down put us below the morning lows, it was all over. All sectors closed in the red.
DIA down 2.04%, SPY down 1.95%, QQQQ down 1.89%, IWM down 1%.
NYSE Breadth was 22 to 7 negative. 138 issues (mostly short ETFs or bond ETFs) reached new 50-day highs.
Apple dropped 15.42 to 330.01. The Japanese will need money to rebuild their nation and they'll sell everything to acquire Yen. You can bet they'll need at least $500 billion USD given all the infrastructure damage.
Best performing ETF was the DPK (Triple Short Developed Markets), up 5.34 to 47.41. The Ultrashort Japan ETF via the EWV was up 3.09 to 42.36. The Triple Short QQQQ via Proshares (SQQQ) up 2.04 to 30.57.
Couldn't hide in precious metals. SLV down .37 to 33. GLD down .84 to 135.40.
Currency markets, FXY made a new high up 1.46 to 123.71. The USD broke below its 52-week low against all major currencies today.
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