* Dow closed -427pts to 42,578, S&P500 down -1.78% to 5,738 while Nasdaq entered correction territory, plunging -2.61% to 18,069
* Momentum darling stocks got crushed: Palantir -10.73% (-25% the past month), Applovin -18.36% (-30.37% the past month), Vistra Energy -9.82% (-32.11% the past month) Intuitive Surgical -5.18% (-8.18% the past month) - they are great stocks that have rallied hard that market participants are now quick to take profits while they have it
* NVIDIA -5.74%, Tesla -5.61% (-28% the past month), Broadcom -6.33%, MSFT -1.03%, Amazon -3.68%, Meta -4.35%, Netflix -8.53%
* Banks suffered losses broadly (this thread had warned you that banks are coming down hard)
XLF -1.65%, JPM -1,98%, Morgan Stanley -3.54%, Goldman -4.28%, BoA -1.98%, Citi -3.26%
* DXY is languishing at 104.27 helped AUD at 63.3c , short term yield US 2Y @ 3.97pc while US 10Y up at 4.29pc reflecting some stagflationary concerns
* Gold held above $2900 at $2908, AUD Gold just under A$4600 at A$4594
* BTC -0.99% to under $90k at $89,473 and poised to go lower
* Travel stocks were smashed - Carnival -6.58%, Royal Caribbean -6.82%, Expedia -3.42%, Airbnb -5.48%
