My guess- big dump in the morning followed by a big reversal by close when Powell and /or Yellen make bailout noises. Market sentiment is controlled by the US fed and treasury. Quaint notions of company profit and loss predictions take a back seat. Yellen already talked about compensating depositors beyond 250k, while saying "but no bailouts." Nobody believes her.
My guess- big dump in the morning followed by a big reversal by close when Powell and /or Yellen make bailout noises. Market sentiment is controlled by the US fed and treasury. Quaint notions of company profit and loss predictions take a back seat. Yellen already talked about compensating depositors beyond 250k, while saying "but no bailouts." Nobody believes her.