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Dow Dumps On Talc-Turmoil, Boeing-Bust, & Pence-Panic

Courtesy of ZeroHedge View original post here.

China's economy slumps, JNJ's talc asbestos fears, Boeing in deep water over text messages, VP Mike Pence readies to unleash on China, but trade-deal hope did rise on the week…

Source: Bloomberg

Global stocks and bond yields were up this week, but the latter rolled over today,

Source: Bloomberg

All things considered…

Chinese stocks ended the week in the red, slammed after last night's weak data…

Source: Bloomberg

Mixed week in Europe as Brexit headlines dominated, with France the laggard, UK's FTSE managing gains…

Source: Bloomberg

European bond yields have run this week with Bunds at their highest since late July…

Source: Bloomberg

From the cliff of the US-China trade deal last Friday, The Dow was the week's worst performer (as Small Caps and Trannies managed gains)…

The Dow was weighed down by Boeing and Johnson & Johnson (accounting for all of the points lost today)

S&P 500 was unable to hold 3,000 once again…

Source: Bloomberg

VIX was totally chaos today…

Source: Bloomberg

Treasury yields ended the week mixed with the long-end underperforming… NOTE – the week's big price action was on Tuesday (back from the Columbus Day holiday), after which, rate went sideways…

Source: Bloomberg

30Y Yields hovered at last Friday's highs…

Source: Bloomberg

The dollar is down 7 of the last 8 days (4 days in a row this week), worst week since June (down 3 weeks in a row – worst 3-week drop since January)…

Source: Bloomberg

Cable was higher all week as Brexit deal headlines were optimistic…

Source: Bloomberg

Very mixed picture for cryptos this week with Ripple up notably and Bitcoin and the rest of the altcoins lower…

Source: Bloomberg

Bitcoin ended the week back below $8k…

Source: Bloomberg

Despite the plunge in the dollar, commodities were barely positive on the week and crude was notably weaker…

Source: Bloomberg

Gold tagged $1500 during the week but could not hold it – today's price action really coiled up…

WTI fell back to close the week at a $43 handle…

Finally, we wonder if this has anything to do with the dollar run and stock drop?

Source: Bloomberg

And the SMART money is starting to decouple…

Source: Bloomberg

And amid all this, uncertainty has never, ever been higher…

Source: Bloomberg

 

 


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