Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As ‘Policy Error’ Looms

Just seemed appropriate…

[youtube https://www.youtube.com/watch?v=U1mlCPMYtPk]

China stocks continued their rout overnight…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

European Auto stocks soared today on the heels of an unsubstantiated report on zero tariffs from a German paper…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

US Equities also gained on the day – on hopes that trade war talks with Europe are progressing…Small Caps went vertical in the last few minutes…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

And are up on the week…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

Another tough day for Tesla as Elon Musk’s warnings to the ‘bears’ are losing right now…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

The Mega-Tech stocks rebounded on the day…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

Treasury yields were very mixed today with everything but 30Y higher in yield on the day (and dramatically flattening)…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

2s30s tumbles below 40bps for the first time since July 2007…today was the biggest absolute flattening in the curve in two months…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

2018 has been a one-way street of collapse in the yield curve…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

The Dollar Index fell for 3rd day in a row (5th of last 6) to 3-week lows – and closed at the spike high of the June Fed day…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

The offshore Yuan is starting to drift lower after the PBOC intervention…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

Cryptos slid on the day but remain higher on the week…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

PMs were flat as the dollar slipped lower but Copper and Crude tumbled…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

Copper was clubbed like a baby seal today – plunging by the most since December to the lowest in 12-months…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

With copper down 15 of the last 18 days, we have still yet to hear any ‘commentator’ note that Dr.Copper is signaling anything but a global synchronous recovery.

Some relatively high volatility in the energy complex today but WTI/RBOB ended the day below the close from Tuesday…

Stocks Pop On Trade-War Ceasefire Hopes, Yield Curve Crushed As 'Policy Error' Looms

Finally, there is only one question that really matters…

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Author: HEDGE

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