Post Market Wrap: May 9, 2025 – A Gonzo Gutterball of a Day

Dispatches from The Last Sane Bastard in This Casino

The Market’s Fever Dream

Today felt like the market was strapped to a roulette table, spun by a cackling dealer with a vendetta. The Dow’s -119 slide was a middle finger to anyone hoping for a Friday rally, dragged down by jittery trade talk and tech’s ongoing identity crisis. The SPX’s -4.79 dip was no less pathetic, a limp shrug as investors fled to safer corners like roaches when the lights flick on. And the NDX? That -5.12 stumble was tech’s prima donnas—your Musks, your Bezoses—tripping over their own egos. The VIX at 21.90 tells us the fear’s real, folks. And imagine this SPY closed within 1 point of VWAP, on an option expiration Friday…Go figure? Ronnie Milsap could have seen that one coming. It’s not quite 2008 meltdown territory, but it’s enough to make your average hedge fund bro sweat through his Patagonia vest. No word on whether Trump’s X account got the banhammer, but the man’s tariffs and tantrums are still rattling cages from D.C. to Davos

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