Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
I came in the day asking which of the 2 gaps we would fill first on the S&P 500 chart. Wouldn’t it be ironic in this wholly bipolar market to fill both the same day? It is still a long shot as it would require about another 10 points lost on the S&P 500 but it is not out of the realm of possibility. This Cummins news has really lit a fire under the market … and not in a good way. Even more “ironic” today was a day European yields fell and there was no major economic news to deal with.
Cummins is now down almost 10% – always eye opening when such large companies can lose that much market cap in an hour.
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