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Equity Slide Gathers Pace With Largest Sell Program Since July

US STOCKS
  • A quick slide in US equity indices has snowballed with sell programs ballooning in size and driving further downward momentum.
  • Having started with multiple sell programs of more than 1000 names, it escalated until 1875 names were chalked up, the largest since Jul 6 and before that Mar 9 in SVB turmoil, seemingly triggered by the earlier downward momentum.
  • It's seen ESH4 plunge to a low of 4773.75 off the earlier high of 4830.75, with the index now -0.9% on the day.

NYSE Tick IndexSource: Bloomberg

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