Archive - 2016

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January 4th

Tyler Durden's picture

Industrial Recession Now Inevitable As Manufacturing ISM Worst In Six Years





Following China's disappointing drop in Manufacturing PMI overnight, this morning started off poorly with Canada's PMI crashing to its lowest reading since records began at 47.5. Then US Manufacturing PMI tumbled to 51.2 - its lowest print since October 2012 (with US factory orders collapsing to weakest since 2009). But The ISM Manufacturing crashed to 48.2 (deep in contraction) - the weakest level since June 2009, with employment bumping along at its lowest level since September 2009 and imports (reflecting domestic demand perhaps) crashed to levels only seen twice in 20 years.

 

Tyler Durden's picture

As Stocks Plunge, Swedish Central Bank Holds Extraordinary Meeting, Says Will "Instantly Intervene" If Necessary





Markets have started 2016 with a healty dose of turmoil, and so many were wondering how long - and who - would be the first central bank to intervene in either directly or verbally in markets. Moments ago we go the answer when Sweden's Riksbank announced it has held an extraordinary monetary policy meeting in which it took the decision required to be able to "instantly intervene on the foreign exchange market if necessary, as a complementary monetary policy measure, to safeguard the rise in inflation."

 

Tyler Durden's picture

China ETFs Extend Asian Carnage - Crash Most Since August To 3-Month Lows





Having been halted down around 7% overnight, China's CSI-300 index is extending its losses in US trading as ASHR (the CSI-300 tracking ETF) is down 9% - its biggest drop since the August collapse. This plunges Chinese stocks to 3-month lows...

 

Tyler Durden's picture

As S&P Flirts With 2000, Here Are The S&P Support Levels





The S&P 500 is down over 2% at the cash open - with FANTAsy stocks collapsing 5-8% - flirting with the crucial 2,000 "mission accomplished" level. Here are the short-term support levels..

 

Tyler Durden's picture

Greek Central Bank Warns Country "Unlikely To Survive Another Bout Of Instability" As Bank "Jog" Accelerates





Something unexpected happened on the road to the latest Greek "recovery": the local population no longer believes one is coming.

 

Tyler Durden's picture

FANTAsy Stocks Are Flailing In Pre-Market





It appears the FANTAsy stocks (Facebook, Amazon, Netflix, Tesla, and Alphabet) are suffering this morning as investors choose not to rush to the safety of triple-digit P/E ratios amid the market's collapse. Tesla is tumbling on burning-car concerns and Netflix is dropping after another downgrade. The rest are all ugly as it seems faith in FANTAsy is failing...

 

Tyler Durden's picture

The Best And Worst Performing Assets Of 2015





With markets wrapped up for 2015 now, reviewing the performance of asset classes last year shows that it was one where negative asset class returns were aplenty, while those finishing in positive territory were few and far between. Indeed, of the 42 assets we monitor in Figure 5, just 9 finished with a positive return in Dollar-adjusted terms over the full year.  At the other end of the scale there were some notable losers.

 

 

Tyler Durden's picture

Mid-East Melee: Sectarian Showdown Looms As Bahrain Cuts Ties With Iran, UAE Recalls Ambassador





What began with the execution of a prominent Shiite cleric in Saudi Arabia has devolved into a full blown sectarian showdown with Bahrain cutting diplomatic ties with Iran, the UAE recalling its ambassador, Sudan expelling the Iranian mission, and Iraqi Shiites attacking Sunni mosques. In short: tinder box meet spark.

 

Tyler Durden's picture

JPMorgan Crushes The BTFDers: "Sell Any Rallies"





It didn't take long for the momentum-chasing fundamental strategists to readjust their immediate stock price targets on the heels of the i) failure of the Santa Rally and ii) the worst start to the year in Chinese stock market history.  Case in point, moments ago JPM's equity strategy team released its first note for the year in which it says that "we take the view that equities are unlikely to perform well on a 12-24 month horizon" adding that "the regime of buying the dips might be over and selling any rallies might be the new one."

 

Tyler Durden's picture

Frontrunning: January 4





  • China stocks tank, triggers circuit breaker (Reuters)
  • Stocks Slump Across Europe and Asia Following Shanghai's 7% Crash (BBG)
  • China Halts Stock Trading After 7% Rout Triggers Circuit Breaker (BBG)
  • Iran says Riyadh thrives on tension after relations cut (Reuters)
  • Saudis and Bahrain Face Off With Iran in Worst Clash Since 1980s (BBG)
  • Syrian rebel group backs Saudi move to cut ties with Iran (Reuters)
 

Phoenix Capital Research's picture

Three Reasons Stocks Will Crater in 2016





The sources of growth for US corporates have all dried up. Stocks have yet to adjust to this, but when they do it’s going to be an all out collapse.

 
 

Tyler Durden's picture

Happy New Year: Global Stocks Crash After China Is Halted Limit Down In Worst Start To Year In History





It all started off relatively well: oil and US equity futures were buoyant on hopes Iran and Saudi Arabia would break out in a bloody conflict any minute boosting the net worth of shareholders of the military industrial complex, and then, out of nowhere, like a depressed China in a bull shop, the "mainland" crashed the party and it all well south very, very quickly...

 

williambanzai7's picture

TeTRaPHoBia...





Four those who do not know, four is widely considered the unluckiest of numbers in China, synonymous with death...

 
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