Market 03/20: Market Flash Crashes Before Recovering Then Breaks Again

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Key highlights:

• BOE keeps interest rate at 4.5% with 8-1 vote

• Initial jobless claims continue to remain low

• Existing home sales unexpectedly surge in February

• Philadelphia Fed March Manufacturing Index slightly down

• Oil prices soar after US announces new sanctions

• Apple overhauls senior AI staff to salvage Siri

• Auction of 18 billion 10Y TIPS (Treasury Inflation-Protected Securities)

• SPX reverses, low liquidity ahead of 4.5 trillion OpEx