Dow Collapses 1300 Points Since Catacl-ISM, Oil & Bond Yields Plunge, Rate-Cut Odds Soar

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Dow Collapses 1300 Points Since Catacl-ISM, Oil & Bond Yields Plunge, Rate-Cut Odds Soar

Since ISM manufacturing disappointed, The Dow has plummeted 1300 points to its lowest since August…

Dow Collapses 1300 Points Since Catacl-ISM, Oil & Bond Yields Plunge, Rate-Cut Odds Soar

Trannies are worse on the week, down over 6%…

Dow Collapses 1300 Points Since Catacl-ISM, Oil & Bond Yields Plunge, Rate-Cut Odds Soar

Nasdaq and Dow broke their 200DMA (Russell 2000 already well below 200DMA) and S&P testing down towards 200DMA…

Dow Collapses 1300 Points Since Catacl-ISM, Oil & Bond Yields Plunge, Rate-Cut Odds Soar

Bond yields are tumbling…

Dow Collapses 1300 Points Since Catacl-ISM, Oil & Bond Yields Plunge, Rate-Cut Odds Soar

Source: Bloomberg

And crude is dropping…

Dow Collapses 1300 Points Since Catacl-ISM, Oil & Bond Yields Plunge, Rate-Cut Odds Soar

As gold gains…

Dow Collapses 1300 Points Since Catacl-ISM, Oil & Bond Yields Plunge, Rate-Cut Odds Soar

As rate-cut odds soar to 87%…

Dow Collapses 1300 Points Since Catacl-ISM, Oil & Bond Yields Plunge, Rate-Cut Odds Soar

Source: Bloomberg


Tyler Durden

Thu, 10/03/2019 – 10:15

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