“Sell The News”? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

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“Sell The News”? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Is the market about to hit a speedboat bump?

China was down overnight…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

European markets closed lower on the day…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

US markets slid notably after the US-China trade deal was signed, but the algos were determined to keep stocks green on the day…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

The Dow topped 29k once again, Trump mentioned it, and efforts were engaged to keep it there for the first close above the line…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Defensives continue to dominate cyclicals…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

“Off”-Target…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

More bank earnings did nothing for WFC but JPM and C erased some of yesterday’s gains…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

Credit markets were notable laggards today…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

Treasury yields were lower across the curve with the long-end outperforming (2Y -1bps, 30Y -4bps)…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

30Y Yields closed at their lowest in over a month…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

The yield curve continued to flatten significantly…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

The Dollar drifted lower but still in a tight range…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

Cryptos extended the week’s solid gains, led by Bitcoin Cash…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

Bitcoin accelerated to two-month highs, breaking above its 100- and 200DMA…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

Bitcoin is off to its best start to a year since 2012…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

PMs outperformed as crude and copper drifted…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

Oil continued to sink (on IEA fears and major product inventory builds)

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

And as oil sinks, HACK (the cybersecurity ETF) shows the real Iran risk trade…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg

Gold rallied back above pre-Soleimani levels…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Finally, there’s this…

"Sell The News"? Stocks, Dollar, & Bond Yields Slide After Signing Trade Deal

Source: Bloomberg


Tyler Durden

Wed, 01/15/2020 – 16:01

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Author: HEDGE

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