Apparently, the Bank of England's grand gesture to stabilize the gilt markets did not have sufficient carry-over to help out equities.

Stocks slumped, fairly hard. The Dollar dropped, just barely hanging on to the 112 handle.

Gold finished flat. Silver lost ground in sympathy with stocks. VIX rose.

Stocks are hanging on to a must-hold support level.

Bank of America issued a rare downgrade of tech darling Apple.

More and more tech companies are instituting CAPEX cuts and hiring freezes.

The sabotage of a key Russian natural gas pipeline to Europe is a shocking escalation in the proxy war in the Ukraine.

The madness serves none but itself.

Have a pleasant evening.

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