Select Page

Don't Tread On My Site

Headline-Chaos Sparks Stock Dump’n’Pump; Dollar & Bond Yields Slide

Load WordPress Sites in as fast as 37ms!
[youtube https://www.youtube.com/watch?v=ymPpIzaanhY&w=560&h=349]

Trump did his best to jawbone it up but in the end…

[youtube https://www.youtube.com/watch?v=ymPpIzaanhY]

 

China extended losses overnight with ChiNext down almost 10% already this week…

 

Europe was ugly today led by France…

 

US Markets were rescued by some optimistic comments from Trump…

 

The Dow underperformed as Trannies reached back up towards unchanged…

 

The Dow closed below its 50DMA for the second day (S&P broke below its 50DMA but managed to scramble back on Trump headlines)

 

VIX term structure remains inverted for the 4th day in a row…

 

Credit markets continue to push notably wider…

 

Treasury yields slipped lower on the day with the belly outperforming…

 

The yield curve inverted once again today…

 

And while we are in bond land, we note that Occidental bonds are sharply lower (as its stock hit a 10Y low) as it becomes evident that the company will win the very brief bidding tiff with Chevron for Anadarko – and will likely incur substantially more debt in the process.

 

The Dollar Index stayed rangebound once again as if some greater force had its boot on the throat of FX vol…

 

Yuan rallied back this afternoon after Trump’s positive comments…

 

Bitcoin extended gains today on the week as the rest of the crypto space slipped…

 

Mixed day in commodity-land…

 

But gold and silver diverged this afternoon…

 

And gold is at its strongest against yuan since late March…

 

Finally, for all the “risk-on” crowd, keep an eye on global money supply, it’s rolling over fast…


This post has been republished with permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

Read the original article.

Advertise on Libertarian Hub

About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit https://www.zerohedge.com

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.