Posts Tagged ‘stocks’

Stocks Ramp To Unchanged On China "Breakthrough" Tweet

And just like that, we are unch… Thanks to a perfectly timed tweet from Global Times Editor Hi Xijin, algos ignited momentum at the cash open, sending stocks back to unchanged on the day… Based on what I know, China-US trade talks made breakthrough last week and the two sides have the strong will to […]

Stocks, Yuan, Bond Yields Spike On Trump China Tweet

It would appear the algos are alive and well after all. President Trump tweeted that he will be meeting the China Vice Premier tomorrow: “Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White House.” Thus, for now, confirming that […]

Stocks, Bond Yields Plunge After Dismal Manufacturing Data

A 2nd consecutive contraction in US Manufacturing, according to ISM, has sparked selling in stocks and a bid for safe-havens like bonds and gold. ISM respondents “General market is slowing even more than a normal fourth-quarter slowdown.” (Fabricated Metal Products) “Business has been flat for us. Year-over-year growth has slowed dramatically.” (Miscellaneous Manufacturing) “We have seen […]

Panic In Emerging Markets: South African Stocks On Track For Worst 3Q Since 2011

The world is on the cusp of an economic storm, and most global investors haven’t strapped on their rain boots nor deployed their umbrellas for what is coming in 2020. As we note in this piece, the most vulnerable fall first, all eyes on emerging markets for the next domino to drop.  Bloomberg examines South African […]

Stocks Stumble As Admin Comments On Renewed Huawei Crackdown

US equity markets have taken another leg lower this morning, erasing all of yesterday’s gains, after US officials confirm that the Trump admin is unlikely to extend temporary waivers to supply Huawei. Clearly, following Trump’s UN speech, the relationship with China is not getting closer to a deal – no matter how many times Trump […]

Stocks, Dollar, & Bond Yields Surge After Trump China Trade Comments

Ever mindful of what the market is doing, President Trump reminded reporters that the market “went up very substantially after the details [on Ukraine] were read,” and just to make sure it gets a bump, he throws out that “a China trade deal could happen sooner than you think.” The algos loved that… And the […]

WTI Extends Losses After Big Build In Crude, Cushing Stocks Soar Most Since Feb

WTI has accelerated its losses overnight following API’s surprise crude build and Saudi Arabia’s claims that it has now restored production at the Abqaiq and Khurais oil processing facilities to the levels they were operating at before recent attacks. “With the oil market reassured that no material disruption to Saudi supply to its customers has […]

India Launches MMT: Indian Stocks Soar After Surprise Central Bank-Funded Tax Cut

India’s central bank just funded a $20 billion corporate tax cut in what appears to be the world’s first case of MMT (lite). * * * It had been a bad year for India, which until recently was the fastest growing economy in the world, surpassing even China: the world’s 2nd most populous nations printed […]

Trader Deals With ‘Strange Emotion’: "With Each Uptick In Stocks, I’m Getting More Queasy"

Authored by Richard Breslow via, During his press conference following this week’s FOMC meeting, Chairman Jerome Powell was asked a question about what the two rate cuts that have been implemented would do for the “real economy.” And how were they meant to offset trade uncertainty and its multiplicative negative side-effects. It was a […]

Traders Buy Stocks, Dump Bonds & Bullion As War Rhetoric Rises

Makes perfect sense. Saudis agree with US that “Iran did it”, the US president says the military is “locked and loaded” and what do markets do – bid stocks, buy USDollar, and dump safe-havens like bonds and gold… The dollar is soaring… Source: Bloomberg And the machines ramped the S&P back above 3,000 to confirm […]

Stocks Soar On Report Trump Advisors Consider "Interim China Deal" To Delay Tariffs

With the ECB bazooka turning out to be a water pistol, the onus on getting stocks in the green was back on the Trump administration, and some new source of “optimism” on a trade deal with China. And miraculously, with the market sliding red, that’s precisely what Bloomberg delivered with a report that Trump admin […]

Gold Hammered As Stocks & Bond Yields Surge On ISM Survey Rebound

Despite every other economic survey signal pointing to further weakness as manufacturing contraction spreads to the rest of the economy, stocks and bond yields are spiking after ISM’s survey rebounded in August (despite 60% of the components weaker). Stocks spiked (good news is good news?) Treasury yields spiked. 30Y back above 2.00%… Source: Bloomberg And […]

Stocks, Bond Yields Plunge After Manufacturing Recession Signal

Following President Trump’s tweets towards China and ISM confirming US Manufacturing is in recession, US equity markets and bond yields are tumbling…. Dow was down over 400 points, erasing all the gains from so-called “phone calls” last week with China… And Treasury yields tumbled (after 30Y briefly topped 2.00% overnight)… Source: Bloomberg We’re gonna need […]

Stocks Plunge, Dollar Spikes Into European Close As Tariff Delay Hopes Fade

Tips: General: Legal: Advertising: Abuse/Complaints: Source Article from Related Posts WTI Erases Tariff-Delay Gains, Crude Inventories Show Surprise Build Oil prices have plunged overnight, erasing the spike gains from yesterday’s trade-tariff-delay headlines thanks to Tariff Blowback? Trump Risking Fallout from China-US Trade War By Stephen Lendman Trade wars assure […]

Euro Spikes, Stocks Dump As ECB’s Knot Says "No Need To Resume QE"

Following future ECB head Christine Lagarde’s dovish comments that the central bank hasn’t hit the lower bound on rates (yet): In her first comprehensive comments on monetary policy since winning the job, she said Thursday the ECB has the tools to tackle a downturn and must be ready to use them if needed. The euro […]

Stocks Pump’n’Dump On Powell’s Promise, Dollar & Bond Yields Tumble

Algos appeared to initially like Powell’s promise to “act as appropriate to sustain the expansion,” but it seems like that was not enough as stocks are giving back kneejerk gains. Algos ran the stops up to unchanged then dumped…   But bond yields are a one-way street lower… Source: Bloomberg Along with the dollar… Source: […]

Stocks, Bund Yields Spike On Another Spiegel Report Germany Ready To Run Budget Deficit

One week after the Spiegel floated a media trial balloon, attempting to spark a change in Germany’s approach toward deficit spending, reporting that the government was proposing a €500 MM debt deal to fund climate protection, news which was promptly denied by the government, Spiegel has done it again, reporting moments ago that Angela Merkel […]

Stocks, Yuan Explode Higher After US Delays Tariffs On Major Consumer Goods

Update: USTR just released a statement confirm that the tariffs will go ahead on Sept 1st but tariffs on some products will be delayed until Dec 15 on the basis of health, safety, and national security. …some tariffs will take effect on Sept. 1 as planned, “certain products are being removed from the tariff list […]

Trader: Everything Looks Rosy In Stocks "Until The Short-Covering Runs Out Of Steam"

Authored by Richard Breslow via Bloomberg, Trade alert. There are a lot of markets closed today. It’s August and no big numbers are on the economic calendars. Volumes have been thin. The news has hardly been encouraging. And the price action has seemingly had little probative value. Yet that really isn’t the case. Traders are […]

Stocks, Yuan Plunge As Trump Warns "Could Cancel September Meeting" With China

The machines busily lifted stocks up at the US cash market open to fill the gap down triggered by Huawei license ban headlines overnight. However, once that gap was filled and stops run, headlines from President Trump, speaking to a reporter pool, triggered selling pressure. President Trump tells reporters “it’s going very well with China,” but the […]

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