Stocks & Bonds Hammered As Hindenburg Omen Strikes

From zerohedge.com

While there are slightly different constructions of it, and there is disagreement on what thresholds should be used to trigger an alert, Refinitiv notes that a more stringent construction of the indicator shows a signal popped up Tuesday on the Nasdaq. The last signal developed 12 trading days ahead of the Nasdaq's Feb. 19, 2020 top and what would then prove to be a 33% swoon in the tech-laden index into its March trough. chart And while Nasdaq Composite triggered the ominous sounding warning, As Tom McClellan notes, the broadest equity index, NYSE Composite, came very close: " The other conditions being met, it ... (full story)