With the bond market 'adults in the room' absent, algos did their best to maintain US equity markets... but failed as they extended the post-trade-deal-like-thing selling continued...

Chinese markets rallied in the morning session then trod water (closing before China's statement)

Source: Bloomberg

European markets ended lower with UK's FTSE worst (after its mega-spike on Friday) as brexit hopes faded again...

Source: Bloomberg

 

US futures show the overnight tumble when China's statement hit (around 5amET)...

 

On the cash side, Nasdaq outperformed - desperately clinging to green on the day as Small Caps and Trannies underperformed...

 

Extremely low volume today (Columbus Day)...

Source: Bloomberg

Treasury markets were closed due to Columbus Day, but TSY futs suggested a 2-3bps compression in yields...

Source: Bloomberg

The dollar limped higher on the day...

Source: Bloomberg

Yuan strengthened for the 4th days in a row...

Source: Bloomberg

Cable ended weaker (despite a mid-morning pump'n'dump)...

Source: Bloomberg

Cryptos are mixed with Ripple notably outperforming and Bitcoin unch...

Source: Bloomberg

Oil was worst as PMs managed modest gains...

Source: Bloomberg

Oil was weak today after doubts re-emerged on the trade deal (demand) and costs (tanker costs soaring)...

Gold futures briefly got back above $1500 but failed to hold it...

 

And finally, there's this...

It's deja vu all over again... but is it 1987 or 2013?

Source: Bloomberg