Online:
Visits:
Stories:
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Schizo Stocks Shrug Off China, Europe Fears As Dow Roundtrips 700 Points In Giant Stop Hunt

Wednesday, August 12, 2015 14:18
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Translating every mainstream business media channel this week…

The Dow gave up all of its post-QE3 gains…

Which leaves this – Fed 'flow' vs stock performance – once again the most important chart in US equity investing…

h/t @Not_Jim_Cramer

It appears the market is threatening (or calling the bluff of) The Fed… QE or else…

Across asset classes the day broke down into 3 sections – China (gappy pressure), Europe (carry unwinds escalate) and post-Europe US session (buy stocks and STFU!!)…

US equities gapped lower on China's double whammy devaluation overnight and kept tumbling through the European close.. then levitated magically to get the S&P just green for the week (algos running stops)

But cash indices all ended the day in the green for the week…

The S&P and Nasdaq managed to hold green for the day… and Dow closed unch…

Almost 700 point roundtrip in The Dow…

Humpday Humor… come on!!!

VIX was demolished after surging up to recent highs over 16… The Twin Peaks Of Vol…

Stocks keep rallying away from and then plunging back towards HY credit…

Treasury yields were mixed with all but the long-end very modestly lower in yield on the day after a mini-meltup in yields after Europe closed…

The dollar tumbled further as EURCNH cary trades unwound en masse…

Note – it appears hope today was driven by the fact that the PBOC appeared to step in and support onshore Yuan towards the close..

Commodities were mixed today with crude and copper flat (after early weakness) and gold and silver surging…

Summing it all up…

Charts: Bloomberg and @Not_Jim_Cramer




Source: http://silveristhenew.com/2015/08/12/schizo-stocks-shrug-off-china-europe-fears-as-dow-roundtrips-700-points-in-giant-stop-hunt/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.