Bitcoin Bloodbaths, Tech Stocks Tumble After Dismal China Data, Korea Concerns

Dismal China data, 3 North Korea "prepping missiles" headlines and a North Korean "threat" headline - probably nothing...

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Chinese economic data plunged overnight - the biggest disappointment to market expectations in 6 months...

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Of course, US equity traders bought the fucking dip at the open into the European close, but were disappointed that yesterday's panic bid never showed up...

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The Dow was the only major index to close higher today with Nasdaq worst...

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FANG Stocks tumbled after 3 straight up days... (NOTE that the BTFDers were there again at the open)

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Yesterday's high volume panic-buying extravaganza at the close in AAPL did not show up this time...

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Financials managed to tag their 50DMA but ended back below it...

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Equifax bonds crashed to record lows today...

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North Korean headlines drove gold and USDJPY traders crazy today...

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Copper's drop and Gold's gains are catching down to Treasury's concerns...

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Treasury yields ended the day mixed with 30Y 1bps lower and the rest of the curve 1-2bps higher... still an ugly week though!

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30Y yield ended back below the pre-H-Bomb test levels...

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The Dollar Index drifted lower today after 3 days up... (NOTE it tagged the pre-payrolls level after CPI and dumped)

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Meanwhile, Cable spiked above 1.34 - the highest in over a year - after Carney hinted at rate hikes...

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Bitcoin bloodbath'd today, now down 34% from record highs... BTC's 14% crash (in USD terms) was the biggest since Jan 2015 (when China last tried to crack down on the virtual currency)...

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Bitcoin is setting up for the worst 2-week drop since Dec 2013.

It seems hedgers are rotating back to precious metals...

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Copper remains the week's biggest loser as China's lagged credit impulse starts to impact the real economy and fantasy speculation...

WTI Crude managed to get back above $50 (briefly) but rolled over after NYMEX close...

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