S&P500 long term support at 2,545 (now 2,619.55) points, so that needs to hold. 6 year trendline support at 2,200 (we should hold , that's 16% away).
The US saw the biggest ever inflow into equities. According to BofA CIO Michael Hartnett, we observed a "non-stop euphoria cabaret" in which markets saw a record $33.2bn inflow to equity funds, record $12.2bn inflow to active funds, $1.5bn into gold (50-week high), as well as record inflows to tech & TIPS.
So far its largely that institutions reacting to the turmoil, retailers are not selling as much.
