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Stocks Close "Not Off The Lows", Small Caps Unchanged Since Oct 2013
The Russell 2000 is -7.5% from July highs, -3% in 2014, unchanged since last October and year-over-year small-cap performance is the worst since July 2012. Despite four valiant momo-pump efforts to rally stocks to VWAP (to cover institutional sellers), they just kept falling back to bond-market-reality as US equities decoupled lower from JPY after Europe closed. The USD closed unch (after major swings intraday around Europe's close) with GBP strength and AUD/CAD weakness leading it lower on the week. Treasury yields dropped 2-3bps across the curve (down 3-5bps on the week) and all below FOMC levels (30Y -11bps). Gold is now up 0.6% on the week with oil and silver rising modestly. Copper found no bid despite a very slightly better-than-expected China PMI. Financials slipped once again (catching down closer to credit). VIX closed just shy of 15 - 7 week highs.
Ugly close (and SPY broke below its 50DMA after hours) with hevay institutional sells at VWAP
On the day, the European close signaled risk-off and the ubiquitous Tuesday panic buying in the last hour lifted the S&P to VWAP before a very weak close "not off the lows." Dow down 100+ pts 2 days in row for first time since June.
Not been a good year for small caps...
Stocks kept trying but every rally reverted to bond reality
USDJPY was in charge from US open to EU close then stocks fell back to AUDJPY...
Stocks are all red post-FOMC with Russell -3%...
With financials falling back and homebuilders holding losses post FOMC
Catching down to credit's reality...
Treasury yields were down again today - with 30Y now down over 10bps from pre-FOMC levels...
FX markets appeared quiet judging by the USD's unch close but it dumped and pumped intraday on EUR swings - AUD and CAD weakness was offset by GBP strength
Modest USD weakness helped gold rise and silver and oil end unch. Copper kept sliding...
Charts: Bloomberg
Bonus Chart: BABA -13% from all-time highs...
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ITs the Rosh a Shanna effect
burst of SPY selling into the close
hit the sell button then Rusha-homa
Thank God for the bonus chart????
giggle-giggle.
30 yr. Bond Yields circling the flush hole, I see. hee-hee. God, I hate the Fucking Federal Reserve.
the bankers got baba out the door and booked a few hundred million for their "work". now, stocks can correct. until a correction sparks a further collapse in macro and the fed pushes the accelerator on the printer.
Foo Fighters - Big Me
http://www.youtube.com/watch?v=pLdJQFTnZfA (2:12)
10 handle fall in final 20 mins ? Not cool.
yeah, something is definitely not normal. it's puked into the close what, maybe 5 times in the last 3 years? to see the normal 3:30 melt-up get bitch slapped, especially since the market was down yesterday (can't have 2 down days!), was almost surreal.
I hate to say I told you so; but I told you so. nothing goes up forever.
Why not; I thought it was excellent. the fucking retards can't even manipulate their own shit.
Kevin must be off today.
1.6-1.9 bill POMO today and more tomorrow
POMO must have gone straight to the Pentagon this time.
But Gold doesn't pay any dividends !!, (in whinny voice). giggle-giggle.
Russy on the ropes here a smidge. Cue intervention in 10, 9, 8, 7, 6, 5 . . . . . . . actually not this time in my view.
let's see it plunge through 1100 on volume and wait for Gartman to announce long Russy priced in dipshits like him.
I wonder if the fed's money printing machine actually has something resembling a gas pedal.
Sorry this post is just to charty for me.
Anyone get the "STFATH" memo?
Only the CFO's get those memo's, otherwise they would be the CEO's.
Would someone please tell me what STFATH means ?
Gee, I wonder how all the 'smart money' folk are feeling today with their record buy-in fully leveraged on Friday? And ol' Jackie over at CNBS must be fuming at some poor intern right now.
I just passed Steve Liesman going the other way on Pine St. and I forgot to extend my foot. No shit. The first CN Bull Shitter I ever saw in person. Missed opportunity.
Should have extended a baseball bat and whalloped him one good right on that skirted egg head of his!
Never mind extending your foot; kick him as hard as you can using your body mass and center of gravity in the side of the knee; thereby dis-jointing it completely. Standard special forces stuff.
The HLF BTFDers reaffirm their faith in I-Con and the utter stupidity of fatsos wanting to get skinny .... bounced up 4% today
We need some leveraged 'smart money' folk on CNBS right now! Connedfidence must be reinstilled!
Cramer will come on at 6 and say I told you dumb goys to sell on Friday,
But I thought bad news are good news?
There was even a {$1.6-1.9b POMO} today. The CFD's are trading lower > DoW -39> ES -6
where is "this ride never ends" - fucking momo tard
Most likely ramp to new highs Wednesday to fuck with our minds.....
Thanks in advance Janet. Oh say can you see the bats flying out of your pussy
????
LOOVED the whole last hour; BEAUTIFUL. Gonna t ake a lotta "Hope" to "change" that chart painting.