We suspecty this NSFW clip reflects the sounds coming from more than a few investors today…
Some more dismal data this morning – yeah seriously more of it – sent the US Macro Surprise Index to its weakest level in over two years…
Notably, the US Macro Surprise Index has dropped for 13 straight weeks (since The Fed hiked in March) – this is the biggest 3-month drop in US economic data since Lehman and 2011's Summer USA Downgrade
And while 'weak' growth expectations has traditionally prompted panic bids in 'growth' stocks
With the highest growth FANG stocks getting slammed to 8-week lows…before dip-butyers jumped back in again…
While everyone was excited about the bounce in FANG stocks, we note that they closed below yesterday's lows…
NFLX remains the biggest loser of the FANGs…
Trannies managed to scramble into the green but Small Caps and Nasdaq were the worst, despite the drift up after the European close and meltup into the close….
From Thursday's close, S&P is unch, Small Caps are red, and Nasdaq is ugly (down 4 of the last 5 days)…
Financials dropped for the first time in 7 days…
VIX topped 12 briefly but that didn't last long…Notably VIX was slammed and stocks bid right as Europe closed…
Banks extended their gains today even as the yield curve collapsed…
Treasury yields rose modestly on the day (with the curve bear flattening once again)…
The yield curve collapsed even further…
While The Fed continues to ignore the collapse of America's economy, the dollar is not…
Though ironically, today saw the dollar index extend its gains off the rebound post-Fed lows yesterday… pushing up to unchanged on the week…
JPY was the biggest loser today as the dollar ramped back to unch for the week…
WTI and RBOB both got hammered again…
And the Dollar strength sent gold and silver lower…
Finally, Bitcoin took a pretty big spill today…but bounced back in the afternoon…
And selling presure returned…
via http://ift.tt/2rBawiR Tyler Durden