The NASDAQ closed 12% higher on Wednesday, marking its second gain in history, following President Trump’s decision to suspend the implementation of prices for 90 days. The strategy (MSTR), one of the fastest shares and an invested qqq trust component, series 1 (qqq) ETF, jumped 25%.
Meanwhile, the S&P 500 climbed almost 10%, recording its third gain in one day, did not succeed in two days in 2008.
Although this may seem optimistic to the surface, it should be noted that the three largest gatherings in the NASDAQ occurred in 2001 and 2008, both during recessions and followed by new stockings. Likewise, the two greatest green days of the S&P 500 also took place during the 2008 financial crisis. Investors must be aware of the rallies of the bear market.
There are growing speculations about the reasons why Trump has backed down on prices. Globally, the increase in bond yields made rattling markets. According to the main correspondent for Fox Business, Charles Gasparino, pressure on the bond market can come from Japan sales obligations – not China, as many supposed.
While the market rallied, the VIX (volatility index) ended at 34, recording the greatest drop in percentage of a day in its history, exceeding the 2010 record.
Bitcoin (BTC) also saw a peak, gathering briefly above $ 82,000. However, he has left in the downward channel he has followed since January.
