swissy

Dow’s Worst Day Since January Despite Crude Buying Panic

Despite rate-cut-fest, and crude buying panic, stocks stumbled for the 2nd day in a row…Stocks held steady through the Asia session despite a plethora of rate cuts (and shitty Japanese data) then legged lower on weak EU PMIs only to stumble hard on more misses and weakness in US data… that was followed by the now ubiquitous v-shaped recopvery that¬†[…]