Tyler Durden | TalkMarkets | Page 418
Writer at ZeroHedge
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Tyler Durden (pseudonym) is thelead writer at ZeroHedge. Tyler represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is ...more

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Global Stocks Suffer Worst Year Since 2010 As Emerging Markets, Yield Curves Collapse
As the economy slowed, US financial conditions tightened dramatically.
Don't Tell Trump, But The Atlanta Fed Just Slashed Q2 GDP
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 3.8 percent on June 29, down from 4.5 percent on June 27.
We're Gonna Need A Bigger Bailout - Argentine Peso Plummets To New Record Low
The Argentine Peso collapsed again today - plummeting below last week's record low to 29/USD.
European Yield Curve Collapses On Report ECB Considering "Operation Twist"
The ECB is indeed considering buying more long-dated bonds from next year as part of its bond reinvestment strategy to keep Eurozone borrowing costs in check, effectively copycatting what the Fed did with its own Operation Twist first in 1961.
Fed Test Fails Deutsche Bank, Forces JPMorgan, Goldman, Four Others To Limit Payouts
Tougher Federal Reserve stress tests forced six U.S. banks to scale back proposals for doling out more cash to shareholders while failing Deutsche Bank's US unit on "qualitative" grounds.
Bank Bounce Breaks Longest Losing Streak Ever But Yuan Collapse Continues
Futures show the scale of today's rebound that started as we headed into the cash open.
7 Year Auction Prices "On The Screws" As Yield Dips For Second Month
Concluding the week's trio of coupon auctions, moments ago the Treasury sold $30 billion in 7 Year paper at a yield of 2.809%, "on the screws" with the when issued, and just like this week's prior 2 and 5-Year auction.
Bank Bloodbath Batters Stocks Below Key Support As Yield Curve Crashes
European stocks rebounded (along with US stocks early) on the heels of soothing White House comments - but remember they closed before the collapse in US had got going.
Dow Breaks Below Critical Support As Stocks Give Up Day's Gains
Small Caps are leading the day's losses but since Kudlow admitted the "no retreat, no surrender" policy on China, markets have gone south.
Stocks Drop, Dollar Spikes After Kudlow Says Trump "Not Retreating On China"
The stock rally promptly fizzled, and after the Dow Jones rose as much as 250 earlier in the day, it has now cut roughly half of those gains as the market scramble to figure out just what Trump's real position is.
WTI Spikes Above $72 After Biggest Crude Draw Since Sept 2016
WTI continues to soar this morning, near $72, after API reported a huge crude draw, and DOE confirmed it with a 9.891mm draw - the biggest since Sept 2016.
Core Durable Goods Slump In May As Capital Spending Proxy Disappoints
For the first time since June 2016, Durable Goods Orders fell in May for the second month in a row.
Deutsche Bank Tumbles To New Record Low, Drags European Banks
Deutsche Bank came under heavy selling pressure, tumbling 5% shortly after the start of trading, and dropping to a new all-time low of €8.76, and bringing its market cap to just $21BN.
Yuan Tumbles To 6-Month Lows As SGH Warns China Will Seek To Reduce US Treasuries "Appropriately"
The 'weaponized' yuan continues its collapse - back above 6.6 per USD for the first time since December and down 6% from the March highs.
WTI Extends Gains After Biggest Crude Draw Since Sept 2016
WTI/RBOB prices soared today on the heels of Iran oil sanction threats from Washington. With expectations of further draws (after last week's big surprise draw), API reported a massive 9.22mm barrel draw - the biggest since Sept 2016.
2-Year Auction Tails As Yield Dips For First Time In 9 Months
After 9 consecutive auctions with rising yields, today's just-concluded 2Y auction saw the first sequential monthly dip since August 2017, when the Treasury's sale of $34BN in 2Y paper stopped at 2.538%, down from last month's 2.595%.
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