This seemed appropriate...
But "everything was awesome"?
- Russell 2000 -3.1% - worst week since Oct 2014 (Bullard)
- Dow -2.8% - worst week since Dec 2014
- S&P -2.1% - worst week since Jan 2015
- Trannies -2.8% - worst week since Mar 2015
- Nasdaq -2.2% - worst week since Mar 2015
[11]
Who is to blame for all this?
@InEgo_ [12] I'm holding him accountable pic.twitter.com/KeNNDewp70 [13]
— StockCats (@StockCats) July 24, 2015 [14]
Leaving The Dow comfortably red year-to-date...
[15]
This is notable.. VIX was pressed notably lower into the close and stocks went nowhere - either Kevin Henry just lost his mojo OR traders are unwinding hedges and underlying exposures at the same time.. in other words - derisking in size!
[16]
The Nasdaq tumbled to its 50DMA, Small Caps broke below 50DMA & 100DMA, pressing 200DMA, S&P broke its 50DM And 100DMA, pushing towards its 200DMA, Dow smashed below its 200DMA, Trannies back near 9 month lows.
Ugly day...
[17]
AMZN retraced over half its overnight gains...
[18]
Biotechs... worst week/day in 3 months
[19]
Buggered... 50 Biotech names (1/3rd) dropped over 4%
[20]
After Biogen was battered... down 22% (worst day since July 2008)
[21]
Treasury yields plunged on the week (except 2Y which inched higher)... 30Y yield's biggest drop since March
[22]
The massive flattening in the yield curve (2s30s -27bps) is the biggest 2-week flattening since Sept 2011 (and biggest weekly drop since The Taper Tantrum)...
[23]
The Dollar has been relatively quiet for the last 3 days as AUD plunges and EUR strengthens...
[24]
Commodities were whacked all week but Friday afternoon saw gold & silver bid as Crude tumbled to 4-month lows...
[25]
Crude crashes for 4th week in a row... (down 20%)
[26]
Commodity carnage... year-to-date...(except higher gas prices!!)
[27]
On the week: Bonds good, Stocks bad, Gold ugly...
[28]
Charts: Bloomberg