Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Turmoil In Tech, Trannies, & Tobacco As Dollar Dumps To 2-Year Lows On Dismal Data

Courtesy of ZeroHedge. View original post here.

Some folks' stocks turmoiled but the message is clear…

Mixed bag on the week with Trannies tumbling most since Brexit, Dow outperforming on earnings beats, and tech weighing on Nasdaq and S&P…

Today's goal was to get the S&P green on the week and the instrument of choice was monkeyhammering the VIX again…BUT it failed!

Retailers and Energy stocks were best on the week and Utes worst…

Despite equity gains today, protection remained bid as VIX had its biggest weekly gain in 2 months…

Tobacco stocks got smoked…

FANG Stocks had their first down week in the last 4…

Jeff Bezos had an eventful week…

Treasuries ended the week higher (despite weak data, a dovish Fed) as we suspect the yuge ATT issuance and Risk-Parity deleveraging had an impact…

However, 30Y rallied back lower in yield today after GDP's miss…

The Dollar Index tumbled back towards the post-Fed lows today after bouncing yesterday… This was the lowest weekly close for the dollar since May 2015

WTI had its best week since the first week of Dec 2016, soaring almost 9% on the week…ending the week above its 200DMA just shy of $50…

Gold rose for the 3rd straight week -  breaking through its 50-, 100-, and 200-DMA and back to pre-Fed Rate-Hike levels…

Once again 'hard' data is plumbing new lows as 'soft' survey data limps higher on a magic carpet ride of hope…

This is probably nothing…

Finally, this… blow-off top next week?


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!