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S&P 500 Bank And FANG Indices Enter Bear Markets – Who Mnu Gonna Call? Plungebusters!!

As markets open for 1 day before Christmas, we are seeing a swath of equity indices falling over 20% since August 31st, including the Russell 2000, the S&P 500 Bank index and the FANG+ index (Facebook, Alphabet (Google), Netflix, Apple, Amazon and Twitter).

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Treasury Secretary Steven “Duke” Mnuchin is checking with the big six banks on their liquidity positions and calling the plunge protection team (aka, Plungebusters!)

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So who is Mnuchin going to call? PLUNGEBUSTERS!!

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