Boeing Bounce Saves Stocks But Bond Bloodbath Continues
No macro data today for US but earnings "beats" were met with "sell the news" but dip-buyers stepped in to save the day...
Video length: 00:00:20
Futures show the chaotic trading around the pre-open to EU close... and then the standard buying panic into the close...
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Cash indices all scrambled desperately in the last hour to get green (Trannies were green all day)...Nasdaq and Small Caps ended the day red...
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Boeing's post-conference-call bounce rescued The Dow from its longest losing streak since August 2016...
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The S&P 500 bounced off its 200DMA once again...
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Momo factors slumped for the 3rd day in a row...
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Twitter was funny...
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Banks were mixed today but Goldman keeps sliding...
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FANG stocks dumped and rebounded but ended lower on the day - ahead of FB earnings...
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TSLA Stocks and Bonds weakened once again, but they had a moment of confusion early on (capital structure arb?)...
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Bond yields and the dollar continue to rise together - and stocks fall...
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The Dollar resumed its climb today... (up 6 of the last 7 days)...
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Breaking its 100DMA, testing up to its 200DMA...
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Cryptocurrencies tumbled on the day...
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The Hong Kong Dollar also resumed its decline - but US Treasuries decoupled...
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EM Debt finally snapped - presumably as the dollar's recent strength broke the momo...
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10Y Treasury yields rose for the 8th straight day - the longest streak since Sept 2017...
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And while there is much chatter about the bondpocalypse... 30Y is only up 6bps on the week...
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Breakevens and Real Yields are at multi-year highs...
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Copper and Crude managed minor gains as PMs limped lower... (Gold is testing up to 80x Silver)....
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A strong dollar sent PMs lower with silver breaking below its 50dma...
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WTI managed to hold on to gains - despite a surprise crude build - but RBOB slipped on its surprise build...
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