Dollar-Dump, Biotech-Bruising And Rail-Rout, Ruins Record Run In Stocks
If you bought Trannies ahead of The FOMC, then you get nothing. The S&P 500 has now alternated down and up for last 9 days. It’s been quite a ride post-FOMC…
On the day, Trannies got trounced by Railroad warnings and Biotechs buggered by Gilead…
Sectors all rolled over hard into today’s close…
Today’s market traded in a very narrow range and on extremely low volume (S&P Futs volume 30% below recent average, which is a rapidly falling average).
Today is the quietest trading day of 2015, until the close and puke
…
AAPL back-filled the last-second collapse of Friday’s Quad-witching but as rumors of iWatch volume reductions hit, it started to fade and agaion a plunge at the close…
Biotechs Blow-off Top?
Bonds went nowhere fast; the belly outperformed with 30Y and 2Y flat…
The Dollar was hammerred again, for the 3rd of last 4 days, the ibbgest drop since March 2009…
Commodities were just insane, all higher on the Dollar weakness…
But most focused in Oil…
And Copper…
Post-FOMC, across aseet classes is a very different picture…
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Dollar-Dump, Biotech-Bruising And Rail-Rout, Ruins Record Run In Stocks