This page has been archived and commenting is disabled.
Bad News Is Bad News, Stocks & Bond Yields Tumble After Data Triple Whammy
Well this is not supposed to happen. 2015 appears to have started with the "bad news is bad news" meme engaged as the standard USDJPY-driven opening ramp has collapsed on the back of a triple whammy of terrible data (US PMI, Construction Spending, and ISM). The Santa Rally (theoretically due to finish at the close on Monday) is in danger of not being a no-brainer... Treasury yields are plunging (10Y -6.5bps at 2.10%) Stocks only hope now is a 120.00 bounce in USDJPY.
Stocks not off the lows...
Thank you USDJPY...
Stocks only hope now is a 120.00 bounce in USDJPY.
as Bond yields collapse...
Charts: Bloomberg
»
- 11090 reads
- Printer-friendly version
- Send to friend
- advertisements -
I like silver today.
Stack on
It's funny Roger, I just logged in to ask if anyone knows what just caused the mid morning boner in both silver & gold. Is it just the various indicator prints that TD has been reporting on?
it is risk-off advice coming from wealth advisors to affluent individuals.
My neighbor said his Merrill advisor told him last week to reduce equities allocations from 70% to 50% - take some profits and to increase cash and bond fund holdings.
NoVa
they have a good advisor
Wait! Bad news is bad? WTF?
The world has gone insane!
Interesting, thanks for that NoVa!
Welcome to the Year Of Volatility! PMs just blasted off, not sure what the bad news is.
Glad I'm not the only one sitting here scratching my head, "other" TD. :-)
The bad news is the dike is seriously starting to leak. The PPT is going to have PTSD before much longer and the Christmas quarterly reports ought to be just awesome.
Did the New York fed employees forget to show up to work today?
who is on duty ?
I don't like equites, bonds, silver, gold, and anything else tied to the banking sytem right now. More important then ever to be flush in some cash outside of banking. Food, art, land, and a very diversified portfilio of "Tangible Assests", Assests, and more Assests.
Where are you going to hide?
PM's will be the go to risk off this year. Take that to the boat.
Gold Bitchez....I pick up trash, although retail is losing this valuable commodity.
"Take that to the boat"
I'm stealing that.
That escalated quickly!
Somebody forgot to tell Santa Claus it's Christmas time.
ZH Effect. Off the lows.
ZH Effect.
bnbdnb coined it. congrats!
My guess is that rates go to zero across the board and QE never ends. Zero interest implies infinity values for anything earning money.
They can create all the money they want but it won't do a damn bit of good.....
Queue the FED rescue team......
Oh no!
I'm running out of Blue Pills.
I heard two whams, but missed the third. Better get my triple whammy helmet out.
Here we go..................
strong dollar vaporizing S&P 500 exports (and fx treatment of overseas earnings)
+
plunging oil
=
capex slashing and layoffs thru a broad range of industries
The dollar "strength "is fascinating. If it's this strong in this shitty economy, it just goes to show you how bad it is everywhere else. Good for a carry trade though.... for now.
Last man standing is not the way to win.....
oil plunge is old news. S&P firms likely have currency hedges to offset dollar strength.
real time current news is the continuing strength of the dollar and the global weakness in economies - just look at Sovereign yields - 0% ofr a 5 yr Bund - seriously?
layoffs - do you have facts other than Upper Midwest shale?
NoVa
layoffs are coming
Q4 earnings will not be so good ... Q1 worse
oil plunging is "old news"? Really? Doesn't make a difference to layoffs/capex slashing.
overseas profit are converted into usd for earning purposes ... take just about ANY S&P earnings report this year ... and there is mention of NEGATIVE fx treatment
@NoVa are you serious ?? oil plunge is never old news !!
your stock just went down with me!!
multi - billion dollar corporations budgets don't turn on a dime ... spending cuts/layoffs coming down the pipe
WTI stablizing in the mid 50's is old news. news would be the continued destruction of industrial demand or seeing a 4 handle or lower.
News would also be an uxpected rise to a 7 handle.
Oil staying in the 50's is deflationary as well as a drop to the 40's.
disclosure - long TLT, SPXU and EPV.
Take a look at earnings estimates and guidance for any company. Close to 95% are revising down. What happens when revenues and demand decrease? Layoffs
heh-heh, it seems the boyz on Hee Haw are taking even bigger-than-normal swigs from their big jugs of moonshine, as their shares of CAT continue to plummet:
Gloom, despair, and agony on me
Deep dark depression, excessive misery
If it weren't for bad news, we'd have no news at all
Gloom, despair, and agony on me
Crash, burn, diaf you miserable manipulatin bastards.
Now that that is out of the way, I see the dollar index is hunting for a cliff to dive off. The USD/JPY pair is at 120 so that isn't it.
The metals are just nervous.
china (yuan pegged to usd) looking for a windshield ...
Geesh, and this on a day when few traders are at their desks. What is going to happen on Monday when most are back at the helm. Oh oh.
trader? algo operator with keyboard...
forshadowing of oil price discovery of markets and from all the spin off repercusions.
year end predictions: dow 15000, s and p 1600.
qe 5
10 year 1.5 percent.
jmfo
This was good news for oil and natty
Fed operating today on skeleton crew. Or maybe Motley Crue.
It's still early. 3:30 ramp is still on deck.
temporary bounce, rig count down 1st mo and not within deviation. in 6 months we will have snap shot of last 2 months epic downdraft of 50 percent price discovery. frackers fracked, nothing good about this 'cept free cash flow at the wallet by paycheck to paycheck mericans. still a zero sum game of econ decisions but with lose of good paying jobs.
enjoy the 2 dollar gas, I am...
recession/qe 5 tyme.
1.5 ten coming
No worries
Everyone knows you can't keep a good mark-it down
The bears are again circling the cadaver, but know the ONLY way this market will not be resurrected and will tumble and stay down, is when ALL faith in Fed ends. When bulls decide the Fed has lost its effectiveness and can do no more. Lousy earnings come pouring in and the Fed says and does nothing. Anyone think that time has really come? Otherwise, shorts will again have their faces ripped off by jawboning and then more QE.
Stop trying to overanalyze and guess everything. It's real simple..... go long as fuck UVXY. I have since the next trading day after xmas at 20.15. That's been a 6 month plan of mine. Get long right after xmas and get ready to watch that explode to 50's, maybe even 100 in 2015.
Bond yields are correcting but not in any real danger of collapsing. The danger is in the positive direction once the third wave gets underway...
http://www.globaldeflationnews.com/10-year-u-s-treasury-index-yieldellio...
The shit show money-god games is coming to a halt. The world of people awakening to the crime and corruption is unstoppable. Who the heck wants to play when every degree of the entire institution is 'rotten to the core' and not a single soul cares enough to be the stick that makes a huge difference.
It is long past time to cleanse the halls of leadership and the evil houses of the unholy god, money. Yeah, when klowns say they are doing god's work, they are saying they are doing their god-money's work. They hold money up as god. As everyone knows, God is Love simply expressed. If it is not Love, what is it?
The money changers MUST GO BACK TO HELL NOW!~
plunging -.065%
yields collapse
Plunging and collapsing - I do not think those words mean what you think they mean.
http://www.thecommonsenseshow.com/2015/01/02/no-recovery-americas-econom...