Markets Are Breaking Left And Right As Stocks Tumble

Markets Are Breaking Left And Right As Stocks Tumble

Whether it is due to the absolute insanity taking place among the most shorted names, or the broader market suddenly tumbling (perhaps as the PPT forgot to keep an eye on the S&P transfixed by the action in GME), Downdetector and Bloomberg report that a slew of trading platforms are reporting problems on Monday, and while some have been resolved while others are ongoing.

  • Robinhood is experiencing issues with crypto trading
  • Vanguard tweeted it understands some clients are experiencing issues accessing their accounts
  • TD Ameritrade says it is aware of an issue impacting a small number of clients on the thinkorswim platform, a company spokesperson said
  • Charles Schwab announced it worked to resolve an issue
  • There was a slowdown in Merrill logins earlier Monday, but the situation has been resolved, according to a Bank of America spokesperson
  • E*Trade users reported problems Monday, according to Downdetector

Meanwhile, aside from the ridiculous action in penny stocks and supershorts, the broader market has just tumbled…

… the VIX is surging…

… and the 10Y has slumped to session lows.

Tyler Durden
Mon, 01/25/2021 – 11:17

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