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Kim, Don, Gary, & Irma Spark Dollar Exodus As Gold Gains Most Since Brexit

Courtesy of ZeroHedge. View original post here.

Catastrophic storms, worst week for macro data since July, debt ceiling to be cancelled, Gary Cohn off the list for Fed Chair (amid resignation chatter) and Korean hydrogen bombs… gold spikes, dollar dumps, bond yields plunge, and… stocks limp less than 1% lower…

Bonds (red) & Bullion (orange) surged on the week, stocks (blue) and the dollar (USDJPY green) tumbled…

Trannies were the only major index in the green on the week…Nasdaq was the week's biggest loser…

Financials were the week's biggest loser (rates lower and flatter and Gary Cohn) with the worst week in almost 6 months, along with Tech…

Financials in fact broke below their 50-, 100- and 200-DMA…

FANG Stocks tumbled today, erasing any gains on the week…

Insurers bounced today as Irma was downgraded to a mere Cat-4 and a slight trajectory shift…Today was the best day for S&P Insurers Index since Feb 2016

VIX rose on the week – the first time in 4 weeks – but hovered, like the S&P, in a very narrow range after the initial Korea reaction on Tuesday…

Treasury yields tumbled on the week (with a bounce today)…

The bounce started at 10Y broke to a 2.01% handle…

The Dollar Index suffered its worst weekly drop since July 2016…

Yen gained the most against the greenback on the week…

Yuan was crushed today…after tagging 6.45 it appeared like someone stepped in…

After spiking to 18 month highs overnight… and the best week in over a decade

While WTI tumbled (biggest daily drop in 2 months) on China refinery cutbacks (WTI broke below its 50- and 100-DMA), it managed to hold on to gains for the week (the first weekly gain in the last six weeks) as RBOB slipped lower…

Gas prices remain high – but judging by the reversion in wholesale prices, may be peaking…

Bitcoin took another nosedive today after headlines about China closing local exchanges…

OJ Futures jumped mopst since October on the week…

And Finally, Gold extended gains on the week – to complete the best 2-week rally since Brexit (June 2016)


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