Did the machines take a day off? Were they in Helsinki too?
Amid the end-of-the-world – if you believe the media – Trump-Putin press conference, today was The Dow’s lowest intraday range day since Christmas 2017…
The Ruble managed to hold gains… So did Putin ‘win’ after all?
And cryptocurrencies surged – perhaps helped by chatter of BlackRock sniffing around…
Futures were volatile overnight…
But cash markets were dead during the day. Dow Transports were the biggest loser in equity land as The Dow trod water around unch all day…
Netflix closed higher into earnings…
As the world waits with bated breath to see if the FAANGs can do it again…
Banks soared today, erasing Friday’s losses…
Are Semis signaling trouble ahead for the S&P?…
Bonds & Stocks remain in their own worlds…
Treasury yields ended the day higher, but rallied after Europe closed…
The yield curve popped… and dropped…
The Dollar drifted lower today, extending Friday’s reversal…
In commodity land, PMs and copper went nowhere fast…
But 4th time was the charm for WTI Crude to break below $70…and plunge it did as outage concerns eased – 2nd worst day for WTI in 13 months (last wednesday was only one worse) – Also the biggest 4-day drop since March 2017
Finally, as we noted earlier, what happens next?
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