Better than expected PMIs prompted a rip and dip early on as good news ended up as bad news today… as opposed to bad news being bad news yesterday (and good news being good news on Friday)… and just like that all the jobs gains are gone…
And despite some ramp efforts, this…
Not only is the 2015 analog holding up – in an ominous way…
But the 2001 analog is looking especially ugly…
h/t @NautilusCap
As Deutsche's systemic risk analog sends the loudest warning…
Since Friday's exuberant ramp close, things have not gone according to The Fed's plan…
and Obama's address today scaring the merger arb crowd did not help..
Since payrolls, bonds are leading, gold and stocks are unch and oil is monkey-hammered…
Crude ramped dramatically at the NYMEX close, which along with a USDJPY ramp sent stocks soaring – and most importantly lifted S&P back into the green post-Payrolls… and then stocks dumped…
Treasury yields dropped on the day and flattened…4th day of 2s30s flattening in a row…
Commodity currency carnage offset JPY strength to leave the USD Index unch-is on the day…
And despite the relatively unch day, gold and silver rallied and crude was just bloody idiotic…
Crude close up…
Charts: Bloomberg
Bonus Chart: Fed Balance Sheet continues to be point of pivot suggesting 1965 FV…
Запись Bonds & Bullion Bid As More “Good” News Slams Stocks впервые появилась crude-oil.top.