Covid-3227 And The Great Supply Chain Fracture, Part 2

The old Wall Street adage that the market takes an escalator up and an elevator down got a live fire demonstration today. Not only did the 1191 point drop in the Dow set a historic single day point record, but it means that we’ve lost 3,227 Dow points in the last four days. Hence our update to Covid-3227.

Moreover, the Dow is now down 3786 points or nearly 13% since the record high way back on, well, February 12.