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Home > Dow Loses 17,000; Catches Down To Bonds

Dow Loses 17,000; Catches Down To Bonds

By Tyler Durden
Created 07/07/2014 - 08:47
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 07/07/2014 08:47 -0500



 

We warned Thursday that there was something wrong with the picture [3] of the equity market's exuberance but it seems the July-4th-week-effect has run its course and equity markets - having read the jobs report over the weekend - have realized it is anything but strong. The Dow just lost 17,000 (however briefly) and equities are catching down to Treasury yield's drop as USDJPY loses 102.00.

 

Dow loses 17k...

[4]

 

as Stocks catch down to bonds...

[5]

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2014-07-07/dow-loses-17000-catches-down-bonds

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10035
[3] http://www.google.com/url?q=http%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2014-07-03%2Fwhats-wrong-picture&sa=D&sntz=1&usg=AFQjCNFsjlKTF3MJefIU6l0HM6f4WvuhsA
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/07/20140707_dow%601.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/07/20140707_dow2.jpg