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Video length: 00:00:08

Another day, another headline-algo game... Dow is down over 600 points from record highs

• 1210 Drop - *GOP LEADERS NOT CONFIDENT THEY HAVE VOTES TO PASS HEALTH BILL
• 1228 Rally - REP MULLIN: "WE'RE TRENDING YES ON THE VOTE": RTRS
• 1235 Drop - Freedom Caucus "things are not good"
• 1247 Drop- Good chance vote may be postponed
• 1249 Drop - Ryan "we don't have the votes"
• 1350 Drop - Spicer sounding downbeat
• 1450 Drop - REP. COLE: IF HEALTH BILL FAILS, IT MAKES TAX REFORM HARDER
• 1515 Drop - U.S. HOUSE SPEAKER RYAN HAS TOLD TRUMP THE HEALTHCARE BILL WILL NOT PASS THE HOUSE -CNN: RTRS
• 1529 Rally - Vote Pulled (retarded narrative that now they can focus on tax reform!)
• 1545 Drop - Market suddenly wakes up to realization no health bill means smaller tax reform

  1527 Rally -

Just look at the panic selling in VIX as headline shit that the vote was being pulled!!!

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The Dow's longest losing streak since right before the election (7 days)

VIX soared above 14 to 2017 highs... up 6 days in a row and above its 200DMA - then collapsed in the last few minuest to close red!

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Quote a swing...

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On the week:

• Small Caps worst week since Feb 2016
• Trannies down 3 weeks in a row - worst week since June 2016
• Dow worst week since September
• S&P worst week since November
• Nasdaq worst week since 2016 (from record high to one-month lows)

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Financials were a bloodbath on the week, with only Utes in the green -

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Financials suffered the worst week since Jan 2016

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The Bloomberg Dollar Index fell again today - the 8th losing day in a row - USD Index down 2nd week in a row - biggest 2-week drop in 12 months

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The longest losing streak since April 2011... (the dollar has not had a longer losing streak since Dec 2006)

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Treasury yields tumbled on the week - this is the best 2 weeks for Bonds since July 2016 - 

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NOTE that both times The Fed hiked rates, yields tumbled...30Y back to 3.00%, 10Y back to 2.40%

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Gold up for 2 weeks in a row - best 2 weeks since Brexit - back to unchanged for March

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Crude managed to scramble back to a $48 handle into the close but red on the week, RBOB rallied into the close back above $1.60

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Gold topped $1250, Silver topped $17.50 on the week...

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Gold is 2017's biggest winner...

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Time for some mean reversion - in 'soft' data...

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And stocks to earnings...

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