The U.S. market is collapsing at an all time record pace, but that’s no surprise to anyone who reads this column. Regional casino stocks are getting particularly smushed as expected. Global stock markets are following apace across the board. Covid-19 is still spreading globally, and Macau stocks are finally starting to respond negatively as well.

No-deal Brexit headlines are reappearing as Johnson threatens to walk away from talks in June, and British bookies are getting hammered. But Swedish gaming stocks that have already seen a serious decline like Betsson are holding up pretty well, having already been beaten down so badly. This week in the gaming markets, it’s starting to get wild, and this is far from over. We will begin in the United States, where it looks like something just hit a fan.

United States

We began last week’s market review with the following two sentences. “Stay out of the U.S. stock market. Momentum stocks are still climbing, which is almost embarrassing at this point.” Well, momentum up, momentum down. It’s a double-edged sword. Penn, Eldorado, Boyd all waaay down 20-30% this week. Momentum stocks in every sector are collapsing. The Nasdaq is falling faster than it ever has in the space of 8 trading days than at any time in its history. Is this finally the real deal? Have we begun the great unwind from 12 years of monetary splurging? Maybe. I’ll make a more definite call on that by June. Still unclear.