Volume Coming In
During this entire leg up, everyone’s been moaning about how low the volume was. Well, it’s really coming in today! I’m watching [[SPY]] and we’ve got 84MM shares at 10:30am EST! 3-month daily average is around 350MM, so that’s about 1/4 of normal volume in the first hour.
Is it finally the start of a correction?
I don’t understand what triggered it either, afterall the “initial jobless claims” number was “better than expected”. I should really sign up for CNBC online feed or something.