Passa ai contenuti principali

Stocks & Bonds Suffer Worst Day In A Month As Year-End Looms


"But everyone else was long too, right?"
Stock and bond prices were both down today - adding up to the worst combined day since 12/2

Source: Bloomberg
US Major equity indices were all lower on the day, despite a valiant attempt at a bounce...
Source: Bloomberg
Chinese markets were higher overnight...
Source: Bloomberg
European stocks were lower today...
Source: Bloomberg
US markets perfectly reflected AAPL today as the buyback machine lifted the market then stalled...
US Majors also broke the December uptrend line today...
And Nasdaq fell (for the 2nd day) back below the key 9,000 level...
FANG stocks have erased last week's gains (biggest daily drop in six weeks)...
Shorts were squeezed as Europe closed, and managed to lift Small Caps to green, but could not hold it...
Source: Bloomberg
A 'mini' rotation today from TSLA into NIO?

VIX and stocks continued to decouple...
Source: Bloomberg
Credit and equity protection majorly decoupled...
Source: Bloomberg
Bond yields (up) and stocks (down) recoupled today after the decoupling from 12/20...
Source: Bloomberg
Once again the old pattern of EU selling and US buying is back for bonds...
Source: Bloomberg
The 30Y Yield ramped (illquidly) above last week's highs before tumbling back...
Source: Bloomberg
The yield curve (2s10s) pushed to its steepest since Oct 2018...
Source: Bloomberg
The Dollar accelerated lower again today with a small rebound after Europe closed...
Source: Bloomberg
The Dollar hit 6-month lows...
Source: Bloomberg
Cryptos gave back their weekend gains today (but Ethereum remains higher)...
Source: Bloomberg
Bitcoin topped $7500 over the weekend but slipped back to $7200 intraday today...
Source: Bloomberg
Silver had another good day as copper and crude lagged (despite an implicit rate cut in China)...
Source: Bloomberg
According to the commodity complex (copper/gold), Treasury yields should be notably lower...
Source: Bloomberg
What does gold know about a resurgence in global negative-yielding debt?
Source: Bloomberg
Finally, Ed Yardeni's Fundamental Stock Market Indicator is signaling the S&P is 20% rich to reality...
Source: Bloomberg

Commenti

Posta un commento

Post popolari in questo blog

Fwd: The Looming Bank Collapse The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it.

After months  of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged recession. But there's another threat to the economy, too. It lurks on the balance sheets of the big banks, and it could be cataclysmic. Imagine if, in addition to all the uncertainty surrounding the pandemic, you woke up one morning to find that the financial sector had collapsed. You may think that such a crisis is unlikely, with memories of the 2008 crash still so fresh. But banks learned few lessons from that calamity, and new laws intended to keep them from taking on too much risk have failed to do so. As a result, we could be on the precipice of another crash, one different from 2008 less in kind than in degree. This one could be worse. John Lawrence: Inside the 2008 financial crash The financial...
Posta un commento
Continua a leggere

Charting the World Economy: The U.S. Jobs Market Is On Fire - Bloomberg

Charting the World Economy: The U.S. Jobs Market Is On Fire - Bloomberg https://www.bloomberg.com/news/articles/2019-12-06/charting-the-world-economy-the-u-s-jobs-market-is-on-fire Charting the World Economy: The U.S. Jobs Market Is On Fire Zoe Schneeweiss Explore what's moving the global economy in the new season of the Stephanomics podcast. Subscribe via  Apple Podcast , Spotify or  Pocket Cast . The last U.S. payrolls report of the decade was a doozy, beating expectations and doing its bit to keep the consumer in good health heading into 2020. That's good news given the various pressures still weighing on global growth. Here's some of the charts that appeared on Bloomberg this week, offering a pictorial insight into the latest developments in the global economy. U.S. Advertisement Scroll to continue with content ...
Posta un commento
Continua a leggere

The Inverted Yield Curve: Why It Will Not Lead To A Recession This Time | Seeking Alpha

The Inverted Yield Curve: Why It Will Not Lead To A Recession This Time | Seeking Alpha The Inverted Yield Curve: Why It Will Not Lead To A Recession This Time Apr. 23, 2019 8:41 AM ET Historically, an inverted yield curve has invariably led to a recession. We are currently experiencing an inverted yield curve. We have two reasons for the current inverted yield curve: the central banks irrationally raising short-term interest rates and investors expect a recession because of the extended boom period. The two reasons are not enough to lead to a recession, and other structural changes in the economy are pointing to a boom rather than a recession. Investors can capitalize on the current situation if they believe that the inverted yield cure would not lead to a recession. Summary and Paper Thesis Although an inverted yield curve led to a recession almost without exception in the last 50 years within a relatively short period of time after the inversion happened, this pap...
Posta un commento
Continua a leggere