Posts Tagged ‘tumble’

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: […]

Euro, Bond Yields Tumble As ECB Official Says Stimulus Measures "May Overshoot"

And the jawboning begins: As Europe’s banking system collapses, ECB is resorting to over-promising more of the same and as ECB Governing Council member Olli Rehn said, the ECB “will announce a package of stimulus measures at its next policy meeting in September that should overshoot investors’ expectations.” More from Bloomberg: “It’s important that we […]

J&J Shares Tumble On Report Of ‘Asbestos In Talc’ Criminal Probe

Johnson & Johnson shares are down over 5% after Bloomberg reports that, according to people with knowledge of the matter, the U.S. Justice Department is pursuing a criminal investigation into whether Johnson & Johnson lied to the public about the possible cancer risks of its talcum powder… Shareholders are selling first, thinking later… Whilebaby powder only accounts […]

Existing Home Sales Tumble YoY For 15th Month – Worst Run Since Housing Crisis

After April’s disappointing drop in all segments of the home-sales data, existing home sales were expected to rebound (again) in May and surprised modestly to the upside. Existing home sales rose 2.5% MoM to 5.34mm in May (and saw a modest upward revision in April) However, existing home sales have declined on a YoY basis […]

Chinese Rare Earth Exports Tumble As Trade War Accelerates

China, the world’s largest producer and exporter of rare earths elements, sharply reduced its overseas shipments of the critical product in the first five months of 2019, amid growing populist calls by nationalists and officials to use the country’s stockpile as a tit-for-tat retaliation in its trade war with the United States. Exports of rare […]

Full-Time Jobs Tumble To Lowest Since October 2018

Just in case traders – and the Fed – needed one more indication of how acute the labor slowdown has become, in addition to today’s dismal 75K jobs print of course which the market took great delight in as it now means there is a virtual lock on a July (if not June) rate cut, […]

Opening Ramp Absent As US Stocks Tumble Below Key Support

The S&P 500 has opened below the critical 2,800 level and extended losses below its 100-DMA as bond yields tumble to new cycle lows… No opening bid for stocks… Sent the S&P back below key technical support… While The Dow and Small Caps are already well below key averages, Nasdaq has also just broken below […]

Panic In The Bond Market: Yields Tumble, 10Y Inverts To Fed Funds

After months of ignoring reality and sticking its head in the sand over the severity of US-China trade war, which consensus finally admits well be a painful, multi-year global affair, this morning denial has finally transformed into acceptance, and the result is a panic bid across the US yield curve, which has sent the 10Y […]

Existing Home Sales Tumble YoY For 14th Month – Worst Run Since Housing Crisis

Existing home sales were the odd one out in March (falling as new- and pending-home-sales spiked) but expectations were for a catch-up rebound in April, but did not, dramatically missing the expectation of a 2.7% rise by dropping (again) by 0.4% MoM… This 0.4% decline comes after existing home sales fell 4.9% MoM in March […]

Global markets tumble in response to escalating trade war between US and China

     Global stocks crashed on Tuesday after US President Donald Trump threatened another 10-percent tariff on $200 billion of Chinese imports in response to Beijing’s retaliation for the previous package of levies imposed by the US. China vowed to protect its interests, countering any US tariffs imposed on its goods with a mirror response. “This […]

Bitcoin Crashes Below $10,000 and Altcoins Tumble Wednesday, Markets Slowly Recovering

Editor’s Note: The cryptocurrency market has recovered significantly just in the last couple of hours. There is speculation that this might have been a massive coordinated sell by the whales (big money Bitcoin players) and other VC/bankers who are eager to get into Bitcoin and other altcoins. It is possible that this was done to […]

Stock markets tumble after Operation Twist … and doubt

Julia KolleweLondon Guardian Sept 22, 2011 The US Federal Reserve’s Operation Twist failed to bring calm to financial markets, which tumbled on Thursday as investors took fright at the US central bank’s gloomy warning about the economic outlook. The FTSE 100 index in London plunged more than 210 points to 5078, a 4% drop, with […]

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