Dead. Cat. Bounce..?



This…

Rising Sector Fx rallied broadly on the working day (right after the greatest 4 working day drawdown considering that Lehman) – its greatest working day in 3 months…

 

The Argentine Peso slipped reduce in the late working day…

 

Of training course, all eyes were being on the Lira as it rallied again up to unchanged from Friday’s near… After its most significant one-day decline ever, the lira rebounded most given that 2001…

 

Chinese shares gave again a tiny of Monday’s surge gains…

right after dismal macro data…

European shares gave again Monday’s gains… despite the lira support

And of study course, if the Lira is mounted then stress-acquire US equities… (Take note the really serious panic-bid as the nasdaq dared to go crimson in the 1st 30 minutes)…

 

Futures present the real chaos throughout the US open, rip again greater, and then closing fade… (Be aware futs could not split above their right away highs)

 

Of course, ‘ye olde’ opening quick-squeeze is back…

 

Tesla shares were a disappointment and much more bullshit was spewed to preserve Musk from jail…

 

FANG Shares continued the pattern of early gains and late weak point…

 

Treasury yields limped greater on the day…

 

But 10Y Yields stay very well under the 3.00% stage however…

 

The Dollar Index managed to scrambled again up to new cycle highs…

 

All was not well nevertheless as EURCHF continued to tumble… (extremely defensive)…

 

Offshore Yuan limped again to unchanged on the working day – near cycle lows…

 

Cryptos continued to plunge – withe Ethereum greatly underperforming Bitcoin…

 

Bitcoin did fall back underneath $6000…

 

And Ethereum fell to 8-thirty day period lows relative to Bitcoin…

 

Copper was the major commodity loser currently, together with crude…

 

WTI continues to be rangebound (ahead of tonight’s API inventory data)…

 

Lastly, we observe that given that Larry Kudlow was unleashed, King Dollar has crushed the barbarous relic…





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