MARKET RECAP

• US stocks were down by 2.22%, international stocks by 2.94%, and bonds by 0.66%.
• The Dow ended a 10-day losing streak on Friday, the longest since the 1970s.
• The Fed cut interest rates by 25 points, but Powell’s “hawkish” commentary, even though we thought it was telegraphed beforehand, sent markets into a tailspin, with the Nasdaq and SP500 falling by more than 3% at its low. It was the worst performance by the equity markets on a Fed Day since 2001.
• The 10-year treasury is at 4.54% and is up 34 basis points this month.
• Bitcoin broke 108,000 on Tuesday but is 95,600 as of this writing (Sunday afternoon).

S&P 500

SCOREBOARD