Carnage: Wednesday’s Tech Bloodbath In Pictures

Carnage: Wednesday’s Tech Bloodbath In Pictures

Boy, I’ve got to tell you, Wednesday is shaping up to be an absolute train wreck for FANG, for the Nasdaq, and for everyone’s favorite crowded trades more generally.

nasdaq

Specifically, the Nasdaq 100 is having its worst day since August 17, when rumors that Gary Cohn was set to resign following Trump’s Charlottesville presser sent risk assets into a tailspin:

NDX

That of course means the Nasdaq VIX is spiking – and “big league”:

NasdaqVIX2

Well given that, it should come as no surprise that the VXN / VIX ratio is spiking the most since Goldman’s infamous early June FAAMG note:

VIXVXN

Remember this from June 9?…

FANG

The FANG index is having its worst day in nearly two years:

FANG

Oh, and this is shaping up to be the worst day for big tech relative to the broader market since the same Goldman note mentioned above:

NDXSPX

So yeah, it’s a bad day for “the future.”

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