US Dead-Cat-Bounce Fades As ‘Weaponized’ Yuan Tumbles

It was BTFD day in America…

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

China was a mixed bag overnight as the tech-heavy CHINEXT was suddenly panic bid (National Team?) but SHCOMP closed in a bear market…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

Europe continues to slide…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

But US stock investors (machines) decided today was BTFD day (Trannies never made it into the green today)…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

But all major indices remain down from Friday…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

The Dow managed to scramble back above its 200DMA…but closed back below it…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

With FANG Stocks bouncing…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

But all still down on the week… AAPL (red) scrambled back into the green…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

And while stocks had a dead cat bounce of a day, …trading in a very narrow range once again…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

For some context as to just now narrow this range is – here’s 10Y…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

The Dollar Index bounced off Fed-spike highs today, breaking a 4-day losing streak

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

Yuan leads the weakness supporting the dollar…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

Yuan is tumbling…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

Cryptos were lower on the day despite good news from Facebook…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

Crude spiked despite dollar gains and PMs limped lower…

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

WTI topped $70 on the heels of US threats on Iran oil sanctions

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles

What happens next?

US Dead-Cat-Bounce Fades As 'Weaponized' Yuan Tumbles
Does Bitcoin foretell further pain in The Dow?

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Author: HEDGE

Executive Editor and Founder of HEDGEaccordingly.com. Hedge Was Founded in January 22, 2008. Learn more about HEDGEaccordingly