S&P 500 Torches $2.2 Trillion in 55 Minutes as Nasdaq 100 Creeps Toward Bear Market
The S&P 500 erased $2.2 trillion in just 55 minutes, according to Kobeissi Letter — a decline now double the size of the previous day's post-election rally. The Nasdaq 100 sits roughly 6% away from a bear market. Wall Street's reversal went from celebratory to brutal in under an hour.
The S&P 500 wiped out $2.2 trillion in the span of 55 minutes, according to Kobeissi Letter. The outlet flagged the move as breaking news, and the comparison stings: the drop is now double the size of the rally that followed the election just a day earlier.
Fifty-five minutes is roughly the length of a lunch break. In that window, the index gave back more than it had gained in the prior session's post-election surge, per Kobeissi Letter. The speed, more than the size, is what makes the session stand out.
The pain isn't contained to one index. Kobeissi Letter noted the Nasdaq 100 is now about 6% away from a bear market — a threshold commonly defined as a 20% drop from a recent peak. That gap is the next marker traders are staring at.
The turn caps a whiplash stretch for stocks, which had been climbing on post-election optimism the day before. Now the same market is being measured in erased trillions, and the count kept climbing as the session wore on.
TopicsS&P 500 · Nasdaq 100 · Kobeissi Letter
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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