"Peak" Apple?
And a quick message for Caesar's shareholders... (and AAPL Call buyers)...
Stocks legged lower overnight on AAPL and MSFT, USDJPY helped them stage a rampaplooza as cash markets opened managing to get the S&P unahcnged for a brief moment...
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Cash indices on the day saw Small Caps (who have been big losers recently) outperform but the rest ended red..
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On the week, Trannies crept back into the green but The Dow remains the biggest loser as CAT, IBM, UTX, MSFT and AAPL weight it down
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Leaving The Dow back in the red for 2015...
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But that was not acceptable and so VIX was whacked to ensuire The Dow closed green for 2015...
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52 Week Lows continue to rise...
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As AAPL bounced off the 200DMA again
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Stocks decoupled from bonds early on - thanks to JPY - but recoupled later in the day...
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Treasury yields were mixed with the long-end testing down to 3.02% and the short-end selling off...
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As The Dollar bounced back...
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Commodities all suffered...
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Though silver held its own...
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Gold continues to tumble - 10 down days in a row is now the longest losing streak since 1996...
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Crude was clubbed over 3% on the day - testing a $48 handle and back at its lowest in 3 months... down 16 of the last 20 days
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Copper clubbed like a baby seal - down 7 of lats 9 days , hovering at cycle lows...
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Charts: Bloomberg
Bonus Chart: Even more ominously for Copper [21]- physical demand for withdrawals from inventory have collapsed...
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Bonus Bonus Chart: Lumber smashed again today and as a leading indicator is flashing red for new home sales...
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Bonus Bonus Bonus Chart: Any day now - clicks will beat bricks...
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