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US Dead-Cat-Bounce Fades As ‘Weaponized’ Yuan Tumbles

Courtesy of ZeroHedge. View original post here.

It was BTFD day in America…

China was a mixed bag overnight as the tech-heavy CHINEXT was suddenly panic bid (National Team?) but SHCOMP closed in a bear market…

Europe continues to slide…

But US stock investors (machines) decided today was BTFD day (Trannies never made it into the green today)…

But all major indices remain down from Friday…

The Dow managed to scramble back above its 200DMA…but closed back below it…

With FANG Stocks bouncing…

But all still down on the week… AAPL (red) scrambled back into the green…

And while stocks had a dead cat bounce of a day, -…trading in a very narrow range once again…

For some context as to just now narrow this range is – here's 10Y…

The Dollar Index bounced off Fed-spike highs today, breaking a 4-day losing streak

Yuan leads the weakness supporting the dollar…

Yuan is tumbling…

Cryptos were lower on the day despite good news from Facebook…

Crude spiked despite dollar gains and PMs limped lower…

WTI topped $70 on the heels of US threats on Iran oil sanctions

What happens next?

Does Bitcoin foretell further pain in The Dow?

Stock market is still following in $BTC's footsteps, roughly. pic.twitter.com/AOHqdo6JPC

— Tom McClellan (@McClellanOsc) June 26, 2018


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