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Russell Rout Continues - Loses Post-Fed "All-Clear" Gains
A middle of the day co-ordinated VWAP ramp (thanks to VIX) lifted stocks briefly - aftewr the Russell neared unchanged for 2014 - but the last 2 days - the worst in 3 months - pushed small caps into negative territory post-Yellen's June Fed "all-clear". All major equity indices in the US remain notably red post-payrolls. Trannies (miraculously) recovered to unch on the day. Momo names and growth-sensitive stocks have been slammed since the exuberant payroll highs of last week. Treasury yields continues to slide. with the 10Y now 7bps lower in yield post-payrolls (and stocks caught down to that reality) FX markets saw early USD weakness then stability but AUDJPY was in charge of stocks today. Despite early USD weakness, commodities were all rammed lower around the US open - only to recover 'efficiently' back to unch on the day. VIX closes at 12.15 - 3 week highs.
Since this week began, high-beta small cap, growthy stocks have been clubbed...
Post-payrolls, even today's bounce could not get them positive...
Post-Yellen "all-clear" growth-sensitive small-caps are now in the red...
Momo and growth-sensitive names are getting slammed...
AUDJPY was the carry trade du jour (as USDJPY got a bit jiggy after losing 102.00)
reality dawns on stocks...
Treaasury yields are now down 7bps from June's "All clear" FOMC...
Commodities were all rammed lower into the US open but recovered to a remarkably similar UNCH by the close...
Charts: Bloomberg
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Will this spread close to zero soon? https://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=logarithmic&chdeh=0&chfdeh=0&chdet=1404850023982&chddm=104951&chls=IntervalBasedLine&cmpto=NASDAQ:ZIV&cmptdms=0&q=NASDAQ:XIV&ntsp=1&ei=Q0-8U5C5B9TvqgG4r4DYDA
The only spread you need to worry about are the butt cheeks of the muppets that GS has lined up on the chopping block.... GOOO Mupppetts
Does anybody know if that coked up asshole Cramer still has a TV show? I need some stock tips
Buy broad equity market, short volatility.. A monkey could do it, you don't need Cramer. Take winnings and buy gold.
Yesterday was 7-7-2014. Now watch this insane legarde speech on the number 7.
https://www.youtube.com/watch?v=QYmViPTndxw
Was yesterday important? Even if it wasn't, it is still an insight into her reasoning.
Her ouiji board rules the imf
Turbo Tuesday throws a 7-out.
Still not surprised (unlike all the mouthpieces with their blow horns at CNBC. Yes, me and the rest of us here are available as the as The Real Plunge Protection Team" (as in you the hapless investor who is looking for what to do and why.)
"Risk" is not just a word...still believe in Tesla more than I ever will "the little three." Same goes for Amazon versus Wal Mart.
I do as a former truck driver thank Wal Mart for all those fine parking spaces of course. But I've never been treated by a worse set of people...and your food sucks and everything else you sell is anti American flag burning crap.
I would love to see an IPO of Wegmans of course...or if Wal Mart would by them for 50 billion...that would work.
Same goes for Dot Foods for all you Wall Street types out there. Fantastic IPO if they still even look for business in that town anymore.
Gold Looks good and so does bitcoin
that was the moist grudgingly down day for big cap stocks i think i have ever seen. small cap momos are getting dry graped hard.
Best opportunity to start shorting Vol again I've seen in a while. This market is never going down as long as everyone keeps singing its destruction. On to new highs bitches.
i'd wait (at least) until after big bank earnings are announced next week as they are going to suck mightily methinks
You may be right but if I've learned anything it's that these clowns have zero threshold for pain. 250 bps is like 1000 these days.
BRA 0 - 5 GER
after 30 mins.
:-)
Holy shit. You coulda got a billion to 1 odds on that score. A trillion to 1 in Brazil.
BRA 1 - 7 GER
FINAL
BTFD...