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!

‘Carve-Outs’ Rescue Stocks From Cohn Carnage

Courtesy of ZeroHedge. View original post here.

Cohn’s out… but all is well…

Overnight saw stocks plunge on Gary Cohn resignation headlines, stagger some more on weak macro data, bounce on “good” news that Navarro was not ‘on the list’, only to be rescued by Sarah Sanders telling reporters that ‘carve-outs’ were possible from Trump’s tariffs… But as soon as The Dow filled its gap and S&P inched green, sellers re-appeared…

Dow managed to fill its gap before tumbling into the close…

Bank stocks were initially disappointed by Cohn’s departure but soon got over it (though Goldman underperformed)…

VIX was pushed lower again as all major US equity vols were systemically sold after Europe closed…

Treasury yields ended marginally lower on the day but traded in a narrow range once again…

And overall, 10Y yields managed to almost get back to unch this afternoon…

Notably Breakevens lagged yields today but snapped higher (along with stocks) after Sander’s “carve out” comment…

The Dollar Index limped back to unchanged after some modest gains early on…

At around 11ET, cryptos carnaged lower today…

with Bitcoin battered back below $10k on massive volume…

Commodities were all lower today (despite the dollar ending unch) and we note the jump in PMs on the Cohn headlines soon after the close…

Interestingly, the dollar and gold fell together in the afternoon as stocks were ramped…

WTI/RBOB sank on inventory and production data…

Gold continues to lead post-Trump-Tariff-Tantrum but stocks were ramping hard today…


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!