Trump Turmoil Trounces Bullard Bullshit As Dollar Dives To 6-Month Lows

Tyler Durden's picture

As President Trump jets towards The Middle East leaving behind him a wake of headlines from the mainstream media, we suspect this will help him sleep...


Let's start with this...


Umm, no.


Umm yeah


US Macro data disappointed for the 9th straight week - well below the election lows, this is the weakest and most disappointing data since May 2016 (and the biggest drop since March 2015)


While the Treasury curve steepened very modestly today, the week saw the biggest flattening of the year...and is now flatter than before the election


The Dollar Index also saw a big drop this week - worst week for dollar since July 2016, back to pre-election levels...


So having got all that of our chest...

Safe havens were bid this week...


Stocks were having a great day - VIX was being crushed, everything was awesome, and the S&P was almost green on the week... until WaPo and NYT hit the markets with a double-whammy of Trump Turmoil...


Which left everything red on the week...


The Dow dropped back to its 50DMA...


Retailers were worst on the week, Energy best with Financials down for the 2nd week in a row


The big banks were dumped...


Quite a week for Short-term VIX.. it's great surge in history and greatest crash...

Treasury yields ended the week notably lower...


30Y Yields closed well below 3.00% and below pre-Macron win levels...


The Dollar Index is down 7 of the last 8 days having erased all of the post-Trump gains...


EURUSD was the biggest mover - the 2.5% surge was the most since Feb 2016...Yuan best week in 3 months


And as The Dollar sank, gold rallied...


WTI had its best 2-week gain since Dec 2016, closing back above $50...


Copper, Gold, and Silver all gained around 2.4% on the week as crude doubled it...


Bonus Chart: Fun-Durr-Mentals...


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
John Law Lives's picture


Buy the F'ing Trump Not Impeached Yet Dip


Rich Stoehner's picture

lol, the media and the banks just jerk each other off all day.

BlueHorseShoeLovesDT's picture

I don' believe anyone cares if Chump gets impeached. They have been careful to keep Pence away from the scandel. This may have been the plan all along. The "market" reacted more to the probabilty that the House will have to revote the Healthcare bill more than anything.

meta-trader's picture

you can add an extra 1500/USD week after week in your income just working on the internet for a couple of hours each day... check this link...

BlueHorseShoeLovesDT's picture

Glad I closed my S&P bull spreads early.


And thanks to the guy that sold them to me for nothing on Wednesday.

Kaiser Sousa's picture


make me fucking laugh…

makes perfect sense that the “concerns” that caused the Dow Jones Propaganda Index to collapse 367 points 2 days ago would still exist on a “Happy Ending Friday” and be accompanied by ABSOLUTELY NO POSITIVE MACRO ECONOMIC NEWS OR DATA WHATSOFUCKINGEVER” causing it to “rally” nearly 200 fucking points in attempts to erase weds. losses…

yeah - that sounds bout right….


ps: please keep the straight jackets on the phony paper prices of the only 2 forms of REAL MONEY until the end of the month u Khazar banker fucks…

looking forward to exchanging your NOTES for some more precious...


BlueHorseShoeLovesDT's picture

Never a dull moment with President Chump

Zandig Slaytanic's picture

A scam is all these assholes were ever good for.

Why should anyone work to produce anything at all? Just trade imaginary pieces of sh*t pulled out your ass. Let Mikey do it, while I scam his effort. Sickening.

0valueleft's picture


Snaffew's picture

they just hammered the shit out of the vxx from 4:00 - 4:15 pm est 

Snaffew's picture

i guess they wanted to make sure any $14.50 calls would expire worthless this week.

barysenter's picture

It's. All. Fake.

adr's picture

More fucking bullshit. 

Real data is terrible. Crude stocks aren't declining and US production is skyrocketing, but Saudi bullshit trumps all giving crude and RBOB a 10% erection. 

I'll tell you right now that retail commerce is dead. I haven't seen orders for next spring cut this much since 2008.

Our orders have been cut by nearly $4 million. Next year isn't going to be happy for anyone. Retailers are struggling and strangled by inventory. That means even more pain next year. 

taketheredpill's picture


I thought both DXY and US2-10s broke through the Pre-Election (Nov 8th close)  levels yesterday.



CultiVader's picture

Sell paper gold into this rally, buy more on Monday after the dump. It's about the only thing I have gotten a bead on so far. I'm no trader,just paying attention.

Consuelo's picture



All I want to see is word get out of ~any~ FB/GOOG/AAPL/AMZN layoff notices...


vegas's picture

I'd like to know if any of the assclowns who work for the 2 elitist rags WaPo and/or NYT got short stock indices shortly before the release of more bullshit; inquiring minds would like to know.

debtor of last resort's picture

Gartmans dick dropped below its 50 dma

Surprise, surprise