Yeah I don't think I have. Maybe in 2007 or 2008 ... I can't remember. I know I lost a ton one day. And it was a pure fat finger mistake at the exact wrong time... but I don't think it was a 6% swing (or whatever that crazy move this morning was)... soooo ... I'm gonna say no... I have never seen a move like that in such a short period of time. Especially with an open position, long or short.
What now? “ China says it will 'fight to the end' after Trump threatens 50% additional tariffs PUBLISHED MON, APR 7 2025 9:14 PM EDTUPDATED 2 MIN AGO Anniek Bao@ANNIEKBYX@IN/ANNIEK-BAO-460A48107/ WATCH LIVE KEY POINTS China's Commerce Ministry said it "resolutely opposes" U.S. President Donald Trump's threat of escalating tariffs. Trump said he would impose an additional 50% duty on U.S. imports from China Wednesday, if Beijing does not withdraw the 34% tariff it imposed on American products last week. The Chinese flag flies in Tiananmen square, as seen from the Great Hall of the People where meetings of the National People's Congress continued in Beijing on March 6, 2025. Greg Baker | Afp | Getty Images China's Commerce Ministry said it "resolutely opposes" U.S. President Donald Trump's threat of escalating tariffs, and vowed to take countermeasures to safeguard its own rights and interests. The comments came after Trump said he would impose an additional 50% duty on U.S. imports from China Wednesday, if Beijing does not withdraw the 34% tariff it imposed on American products last week” CNBC
Trump and Xi probably have a tee-time set at Doral for Easter Sunday. You know their birthdays are one day apart in June. Expect a tariff ripping short squeeze from Mar-a-Lago on June 14th.
Very limited reaction in the market when this came out (at least compared to what we saw during the NY session), looks like the market is anticipating that it won't get that far.