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US Stocks Stage Miraculous Rebound While Global Economy Suffers Longest Losing Streak In History
US Mkt Report
DOW
Volume 280,857,743
Avg. Volume 293,152,131
NAS
Volume 1,704,967,659
Avg. Volume 2,201,910,163
SP500
Volume 1,846,763,923
Avg. Volume 3,581,440,491
still can't get it to the daily averages either
()and bold are additions
There are edit's to this especially at the start of the original article since it basically blames POTUS.
China was a bloodbath overnight…the biggest drop since Jan 2016.
(they also lowered the reserve requirement's but hey who want's to mention that right?)
Catching down to Europe and US equity markets YTD.
Europe tumbled at the open but the BTFD'ers stepped in to make things more reasonable (Spain led, Italy lagged).
It was an ugly start last night as Dow futures crashed 500 points and Nasdaq down over 2.3%… but by the close of the cash markets, it was barely a flesh-wound.
See cap 2 the blue circle-that show the shorts being squeezed and the system employing whatever it can to erase the futures loss.
They cannot afford to have ANY loss at this point as they are all so highly levered into this shit-show.
Small Caps ended the day green.
Da Fug
All on the back of a giant short-squeeze.
And VIX was clubbed like a baby seal.
don't eat da yellow snow
Bonds were bid but yields rose all afternoon as stocks soared (though yields ended lower on the day)
ooops
Yuan was smashed lower during the China session then miraculously bid for the rest of the day (still closed weaker against the dollar)
again because China lowered the reserve requirement's for it's medium-size bank's
Gold and Silver were unchanged against the dollar but Crude and copper soared.
And finally, while we have noted numerous times (too numerous to count) the decoupling between stock prices and any top-down or bottom-up fun-durr-mentals this year.
Oil was juiced all day-and we all thought we would get a break from high prices starting last night-WRONG.-cap #4
Schwab's Jeff Kleintop has some bad news for all…
Longest losing streak in 20 year history for the global manufacturing PMI.
— Jeffrey Kleintop (@JeffreyKleintop) May 3, 2019
maybe you should be telling us why your boss keeps selling his own share's too
although they are outside the reported results they are habbening.
https://www.zerohedge.com/news/2019-05-06/world-stocks-crash-global-economy-suffers-longest-losing-streak-history
https://finance.yahoo.com/quote/%5EIXIC?p=^IXIC
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
https://www.dailyfx.com/crude-oil
Fuckin' KEK RBG!
>>6431677 Report: Facebook Sets Up ‘War Room’ for European Elections
Notable
French elections are May 26th
o7