Equity Markets

Markets In Turmoil: Global Bond Bloodbath, Currency Rout Accelerates As Stocks Erase Early Gains

Monday started off where Friday left off, with the dollar surge continuing, pushing the DXY above 100 for the first time since December, global bond yields soaring, emerging market currencies tumbling, and the Yuan slammed below 6.85 for the first time. However, where Monday is different is that while European stocks and US index futures started off far higher, E-minis have now faded the entire overnight rally and are now red for the session, on concerns that the spike in yields will cap any more stock upside.

"The Economic Peace Is Over" - Get Ready, Change Is Upon Us

"The political upheaval of Donald Trump is best understood through the lens of economic erosion suffered by the vast majority of people. If a democracy is measured in how well it serves the interests of the majority, the United States is not a democracy at all. Of course, nearly everyone already knows this. But it's been all but unspeakable in polite circles to say so. Now, it is finally becoming okay to voice."

Commodity Carnage: Copper Turns Red, Oil Plunges Near $42 Handle

Wednesday saw a bloodbath in global developed bonds. Yesterday saw Emerging Market currencies and bonds collapse. Today, it is the turn of the commodity complex as Copper erases a 7% gain intrday and crashes red, WTI Crude tumbles near a $42 handle (Trump lows) and precious metals are clubbed like baby seals...

Gartman: "We Were Truly And Entirely Wrong"

We see no reason to try to discount our comments made here yesterday for they were truly and entirely wrong.  We shall resurrect our familiar philosophy of wishing to own only "those things that if dropped on your foot shall hurt" - steel, cement, asphalt, bricks, mortar, coal, ball bearings, construction and drilling equipment.

Everything Is Soaring As Trump Makes Buying Stuff Great Again

The global repricing of inflation expectations continues at a feverish pace in the aftermath of the Trump victory, leading to another surge in US equity futures, up 15 points or 0.7% to 2175 at last check, with Asian and European stock market all surging after the initial shock of Trump’s election victory gave way to optimism for fiscal stimulus will provide a boost to the global economy.  Commodity metals soared with copper surging the most since May 2013.

Stunned Global Markets Wake Up To President Trump

As it dawned on markets that they had been caught dead wrong for the second time in half a year, first with Brexit and then with the historic election of Donald Trump, their reaction was identical: a slow selloff at first, followed by a furious dump, which led to a limit down halt in NASDAQ and Emini future trading. However, turbulence calmed as investors reassessed the effects of Donald Trump’s surprise victory in the U.S. presidential election.

We're All Hedge Funds Now - Central Banks Become World's Biggest Stock Speculators

There seems to be a growing assumption that the elites have finally figured out how to turn a capitalist system into a perpetual motion machine by having central banks buy up all financial assets. This is classic “peak of the cycle” thinking, and the more widespread it becomes the closer the system is to breaking down.

Global Stocks Drop; Futures Hints At Longest Losing Streak Since December 1980

With yesterday's, 8th consecutive decline for the S&P 500, the US equity market has now posted the longest losing streak since October 2008; and should we close payrolls Friday day with another negative print, it would be the longest negative streak since December 1980. Putting the recent slide in context, stocks are now down compared to a year ago, and are unchanged since December 2014.