tybs
US Mkt Report
Boeing Bounces, Bitcoin Battered As Trade-Deal Dreams Trump Dismal Data
Terrible German factory orders data added to the list of dismal global economic data of the last few months - but headlines from The FT that a trade-deal is nearing its "endgame" over-ruled all fun-durr-mentals on the day.
China had excited open thanks to the trade headlines.(yet again with the placed headlines)
Guess which market suffered the biggest crash in factory orders in a decade? Yep, DAX soared on no good, very bad, really terrible macro data.
German factory orders slump 4.2% in Feb, a negative surprise
https://www.fxstreet.com/news/german-factory-orders-slump-42-in-march-a-negative-surprise-eur-turns-lower-201904040604
US markets were mixed with The Dow higher (thanks to Boeing) and Nasdaq weaker. S&P up 6 days in a row.
Boeing bounced over 3% today (accounting for half of the Dow's gains), despite being blamed for the Ethiopian Airlines crash, thanks to the trade hope overnight
And before we leave equity-land, we note that Growth stocks have reversed all their losses relative to Value…what happens next?
(See cap#3-bacuse once they triggered the 'Golden Cross' yesterday it just had to habben)
Treasury yields slipped modestly lower on the day with the long-end outperforming
But 10Y remains just above 2.50% in a narrow range today. The Dollar index rebounded after yesterday's weakness.
Cable(English pound) rolled over on no real headlines aside from nothing positive today.
(One goes up. USD, and the other goes down, English pound)
Cryptos crumbled today led by a 20% decline in Bitcoin Cash (but remain well up on the week). Because everyone wants the cabal's favorite funding arm right?
Some serious swings in commodity land today as PMs ended higher but WTI lower (for once).
Another panic-puke in gold (and silver) today, but both dips were bought.
(this has been going on for decade's-panic 'selling' but this time it was bought-word getting out?. It's all COMEX trading so it's not retail buying)
https://www.zerohedge.com/news/2019-04-04/boeing-bounces-bitcoin-battered-trade-deal-dreams-trumps-dismal-data
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
Cap #4- This has become so comical at this point-the puke of volume at the close to ramp it further. They do this to counteract the expected selling into the close and what little day-trading is left.
TESLA
267.78-24.03 (-8.23%)
Volume 23,563,088
Avg. Volume 8,401,300
This never went lower than it's pre-market loss of almost -12% at one point.
FaceCum
176.02+2.48 (+1.43%)
At close: 4:00PM EDT
Volume 17,749,977
Avg. Volume 19,819,812
one problem though. everything is running out of buyer's. Even those.