donderdag 28 juni 2018

Bank Bounce Breaks Longest Losing Streak Ever But Yuan Collapse Continues

How many more lives does this dead cat have?


China had another ugly session overnight...


And while UK's FTSE managed to scramble back to unchanged, most of Europe ended deep red...


Futures show the scale of today's rebound that started as we headed into the cash open...


But on the week, all major indices remain red, with Trannies worst...


The Dow closed below its 200DMA for the 4th day in a row (briefly tested it intraday but was rejected)...


Banks finally broke their 13-day losing record losing streak, bouncing modestly ahead of CCAR tonight...


Just a reminder, here's what happened after February's CCAR...


Treasury yields rose very modestly on the day...


The Dollar jerked noisily lower on the day...


Yuan continued its collapse, now down 11 straight days...


Bitcoin flatlined today but is holding unchanged on the week as the rest of the cryptospace drifts lower...


Despite the dollar weakness, copper and PMs continued to drift lower but WTI extended gains...


WTI surged higher on the day and tagged $74.03 at the highs...