Despite TurmOIL Stocks Stage Furious Last-Hour Comeback
The Fed's apparent new communication policy (as the rest of the world's markets and policy-makers try to force its hand)...
This has never happened before (even with the panic buying)... The S&P 500 is down 6.5% year-to-date - that is officially the worst start to a year ever...
The gaping truth of The Fed policy error is now being exposed in tumbling rate-hike odds... March odds down to 36.8% (from over 55% a week ago)
As Bonds & Bullion dramatically outperform stocks post-FOMC...
* * *
On the day, it was ridiculous - here are futures to show the swings...
And in cash - the panic-buying melt-up faded into the very last few minutes...
Dow screams 200 points higher in minutes... just because...
All Yen all the time... (as stocks decoupled from oil)
It appears Stocks (algos) were playing catch up to the China-selling-based higher Treasury yields...
NOTE: This could have been a disaster for Risk-Parity funds (Bonds and Stocks down hard) - beware the "bullishness" of China selling Treasuries
Before the epic melt-up buying panic, The Nasdaq is down 8 days in a row - has not had one green day in 2016 - this is the longest losing streak since May 2012...
Credit wasn't buying the ramp...
Plenty of momentum stocks have been crushed in recent days but Gunmakers appear to be suffering as The Obama administration admits its done all it can...
Financial stocks have collapsed (the worst start to a year ever for XLF) - just as we said they would - to their less exuberant credit market levels...
Most worrying is the spike in the TED Spread - a topic we have been warning about for 2 months - and its implications of systemic risk concerns....
As Citi and Goldman are seeing their credit risk surge the most...
Treasury yields rose on the day - as China selling to support Yuan trumped any safety bid from carry unwinds...
FX markets were very active overnight in Asia and even the majors were swinging violkently as The USD Index rose 0.4% on the day... CAD plunged to new lows as crude tumbled...
With Offshore Yuan surging by the most on record...
With the CNH-CNY almost inverted...
Commodites were all lower as Yuan and USD rallied (but crude and copper were worst)
With WTI Crude collapsing to a $30 handle - its lowest in 12 years following weak China data and MS report...
And Copper crushed back under $2 as hopes for further China stimulus are rebuked...
Charts: Bloomberg
Bonus Chart: Oddly causative correlation of the day... (why oil dumped, and Yuan pumped)...
(13 votes)
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I think zerohedge did a story on it before. The Federal Reserve is still doing quantitative easing, they are just not announcing it.
My question is who is getting the newly created money and for what purpose? Probably to buy stocks and keep the market propped up?
If anyone reads this Zero Hedge blog contact the administrator if you have information on the Federal Reserve Plunge Protection Team or inside manipulation going on. We all know the Fed is manipulating the stock market, we just need some proof because it's highly secret covert operation.
I say let them do all the manipulating they want. They can't change the trend. All they do is distort price discovery and draw in more suckers when the market is collapsing. As for manipulating silver and gold, I believe they will prove to be the buy of a lifetime.
To put it another way, what they are doing is like trying to stop their body from getting rid of its shit. When it comes out, it's going to come all at once.
I strongly disagree. I despise the work of the PPT. They are using our money to distort the market. I am out of the Chinese stock market because of the blatent manipulation by China. I will also avoid the US stock market if I can ever recover, unless the PPT is disbanded and their work outlawed. That doesn't leave many viable investment options.
Proof is here: https://www.youtube.com/watch?v=01k3bHSHRmM Greg Hunter with Rob Kirby
Can you say PPT.
yeah you know me.
All quiet on the Western Front.
We're so screwed......I took the day off and I'm drinking laphroiag 10 year.....screw it!
I'm amazed people see this as a market - more like a racket
Indeed, a market racket it is for sure!
Only a fool will abibe..
Have you noticed how government trolls disappear after the work? They are no longer here.
I don't know what all those charts are but was wondering, whenever it is that Mr. Market asserts himself and bubbles start to pop will they pop with the force of hydrogen bombs?
Truncated 5th wave anyone? http://www.lifestyletrading101.com/2016/01/11/monday-11116-sp500-truncat...
Commodities and the miners were simply Drunken Monkey-Hammered today. Even FCX is trading below $5 a share....
All I want to know at this point is how do we set local rally points for all of us who are awake to organize at before everyone else on the day when we wake up and there is no stock market. No internet. No ZH.
Had almost lost my trust on market forces. Thank God for HFT.
The green bumpwas lower than I predicted...they lost their jam today...BTW...I miss David Bowie. Saw some bad mouth articles on him...assholes. I swear all the interesting people will be killed off before I die...meanwhile Kieth Richards lives...nooffense, fuck that limey bastard.
The well-pickled body remains.
But the rest of him, I dunno.
If you just have two people trading back and forth you do you actually have a market?
Being a day trader must be a lot of fun since you are basically trying to trade 24/6. Red eyes, hand tremors, bad breath, and edgy as a methhead.
And the beat goes on...
And on,
and on......!
The Plymouth Win You Over Beat goes on...
Oh, wait.
Somehow there got to be some traces from these 20 minutes of PPT intervention, perhaps a computer log or something that shows exactly which shares that was bought during this time period?