Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

“Shit’s Starting To Break” – Stock Slide Escalates Amid Copper, Credit, & Crude Carnage

% of readers think this story is Fact. Add your two cents.


One veteran macro trader summed up the markets perfectly “Shit’s starting to break” – noting that ‘real’ macro data decoupled from stocks at the start of the year, VIX decoupled from stocks three weeks ago, EM broke over a week ago, Copper snapped last week, and now High Yield credit is breaking – stocks are always the last to catch on…

Russell 2000 down 4 days in a row – longest losing streak in 3 months; S&P’s 4-day decline is worst since right before the election; Trannies down 3% in the last 4 days…

Bloomberg’s Andrew Cinko tallied up the drop from peak to trough for the five multi-day retreats in Nasdaq since election day:

  • March 1 peak: -1.4%
  • February 21 peak: -1.2%
  • January 26 peak: -1.7%
  • December 27 peak: -2.6%
  • November 29 peak: -3.1%

Small Caps are the worst performers of the last 4 days – biggest drop since before the election – testing key technical levels

Another day, another desperate attempt to crush VIX and drive momentum back into stocks… (VIX LoD 11.04)

Bonds and Stocks both sold off together again – 3rd day in a row – (as Risk-Parity funds contonued their biggest slide of the year)

Treasury yields rose modestly today (weak 3Y auction), with modest steepening in 2s30s…

HY Bonds have broken below key technical resistance (Uptrend line and 50-dma) with the biggest drop in price in almost 3 months…

The last 4 days are the worst for HY Credit since before the election…

And HY’s breakdown follows Emerging Markets decoupling last week…

And Dr.Copper’s not buying it either…

And stocks gave up their grip on macro data reality a while back…

2s10s Breakevens curve has collapsed to its lowest since June 2008

As RBC’s Mark Orsely points out, the 2s10s breakeven curve has inverted – meaning the market expectes higher inflation in the short-run than long-run.

The USD Index managed a modest gain for the second day in a row but remains well below Friday’s highs…

Gold dropped to one-month lows (futures down 6 days in a row – longest losing streak since election) – Gold futs broke below the 100-DMA today

Silver was also hit hard – biggest 4-day drop in 3 months…

Copper was clubbed like a baby seal – the biggest 4-day plunge in 10 months sent the economics PhD to two-month lows…

Desperate jawboning from the Saudi oil Minister and OPEC’s Barkindo failed to sustain any gains in crude…(machines ran the stops but the chatter couldn’t sustain it)

Finally, this remains the WTF-est chart we know of right now – as The Fed’s forecast for GDP collapses, so the odds of a rate hike soar (FF Futs tumble)…


Source: http://silveristhenew.com/2017/03/07/shits-starting-to-break-stock-slide-escalates-amid-copper-credit-crude-carnage/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.