Copper Crash And Yield Curve Carnage As Tech, Trannies, & TBTFs All Tumble
Today was a day in the upside-down: Banks underperformed Tech; High tax underperformed Low tax; Momo outperformed Value; Nasdaq outperformed S&P; and VIX down with stocks down…
While Nasdaq (green) outperformed on the day, and was bid at the open, Trannies (blue) underperformed; note that as Europe closed, everything rolled over….
Only Trannies are holding on to gains post-Tax vote, post-Ross-Rout-Retraction…
For the first time in 7 days, high-tax companies underperformed low-tax compaies…
Momentum outperformed value for the first time in 6 days…
The Tech sector clung to green on the day as Financials leaked lower…
While tech outperformed banks, they all rolled over after the European close…
High yield bond prices have now closed below the 200-day moving average for 20 days straight (the longest run since April 2016)…
Treasury yields were lower across the board today as the long-end continues to outperform…10Y and 30Y now lower in yield since Friday…
The yield curve carnage is accelerating…
The Dollar Index gained on the day but reamins in a tight range for the last week…
Gold and Silver were slammed early on once again (tumbling to 4- and 5-month lows respectively)…
Notably gold was slammed even as the dollar index wasnt moving significantly…
But Copper was the biggest news – plunging 4.5% back to 2 month lows (biggest drop since Jan 2015). WTI managed to hold gains ahead of tonight’s API data…
Finally, Bitcoin surged to a new record high today (at $11,850) – up 50% since Square’s announcement (while SQ is down 20%)…
Source: http://silveristhenew.com/2017/12/05/copper-crash-and-yield-curve-carnage-as-tech-trannies-tbtfs-all-tumble/
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.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).