Brutal day... One of the bigger selloffs we have seen since last fall...
Do not think DGS is now above the level needed for paying to commons. Saving grace may be that Brompton wont do calculationl date for another week.
Market had gotten wayyy too far ahead of itself, bidding up the banks/stocks on the certainty ( analysts were certain) that interest rates would go down quickly in early 2024. The DOW hit alltime highs a number of times , on very poor economic realities...regional banks were in trouble, consumer debt at alltime highs, the US govt debt @ nearly 35 trillion is not sustainable and a million ILLEGAL immigrants had crossed the US southern border in 3 months. More pressure on budgets caring for and feeding these people. And now a world war brewing in the middle east and europe.
JMHO