Stocks are up so everything must be awesome again, right?
Despite an early session bid, China stocks ended lower once again…
European markets were much more excited with Italy soaring along with France on the day erasing Monday’s losses…
China has caught back down to US and Europe’s YTD performance…
US Equity markets rallied back above the “constructive” rally point from Friday today as a lack of negative things from China and US as well no inflationary fears from import/export data sent markets higher…
Trannies were the best performers in cash markets with Dow and S&P laggards…
Another dead cat bounce?
“Most Shorted” stocks surged today, recovering around half of yesterday’s losses…
All the major US indices moved back above key technical support once again.
FANG Stocks rebounded extremely modestly on the day…
Bonds and stocks have traded almost perfectly in sync through this recent chaos…
Treasury yields inched higher on the day…
The dollar extended its gains from yesterday…
Offshore Yuan went nowhere today, well below the Yuan Fix…
Ripple soared today as most of the major cryptos held on to gains…
Bitcoin flash-crashed around the Asia open overnight, but scrambled back above $8000
Oil prices rebounded today as mideast tension rose (ahead of tonight’s inventory data), Copper and silver were flat and gold was weaker…
Gold slipped back below $1300…
Finally, it appears the liquidity party may be over for now…
via ZeroHedge News http://bit.ly/2HlabfD Tyler Durden