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!

Peloton Pounded, Crypto Crushed, Bonds Bid, Stocks Skid

Courtesy of ZeroHedge View original post here.

A day lacking Bullard dovish headlines (Kashkari just didn't go full Bullard), Trump's tweet focus away from "trade deal is close", and little movement on the impeachment front meant algos struggled to find news-driven reasons to ignite momentum… but just as traders were giving up, China's Wang dropped some well-timed quotes through Reuters suggesting optimism for the trade deal, lifting the markets.

1530ET *CHINA'S WANG: CHINA WILLING TO BUY MORE U.S. PRODUCTS:RTRS

Futures show the swings best (biggest trend changes at EU open, US open, and EU close)…

Cash markets briefly tested green on the day after the China headlines, but that was it…

The Dow managed to get green on the week in that late ramp but lost it as stocks sank into the close…

But once those stops were run, the market turned round and said:

China was ugly as Golden Week looms

Source: Bloomberg

Europe extended yesterday's late-day gains but remains in the red for the week…

Source: Bloomberg

Peloton IPO'd at $29, opened at $27, and collapsed to a $24 handle…

Source: Bloomberg

Momo flip-flopped back again today higher…

Source: Bloomberg

Defensives dominated US equity performance…

Source: Bloomberg

Treasury yields were lower on the day

Source: Bloomberg

10Y Yields went back below 1.70%…

Source: Bloomberg

The Dollar extended yesterday's surge…

Source: Bloomberg

…rising to its highest close since May 2017…

Source: Bloomberg

Cryptos are having a terrible week led by Bitcoin Cash's 32% drop!

Source: Bloomberg

Bitcoin was battered again today…

Source: Bloomberg

As the dollar extended gains, Commodities all slipped lower today…

Source: Bloomberg

WTI erased more of the Saudi spike today…

Additionally, NatGas was pummeled lower, headed for the longest streak of declines in more than seven years as U.S. shale production outruns demand and inflates stockpiles.

Source: Bloomberg

Source: Bloomberg

Finally, we note that the real driver of markets is starting to fade again…

Source: Bloomberg

 

 

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!