Dow Trumps Tech For 7th Straight Day Despite Beijing, Brussels Bloodbath

Zero Hedge | 10/8/2018 | Staff
tictac399 (Posted by) Level 3
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Bonds closed and Canadian Thanksgiving meant a big roundtrip for US stocks despite carnage around the world...

China came back from vacation, cut RRR, and dumped stocks (to catch up with last week's global weakness)...

Yuan

And the Yuan...

Europe was a bloodbath...

Bank - Stocks - April

All of which pushed global systemically important bank stocks to the weakest since April 2017...

But while the rest of the world was ugly, US equity markets managed to scramble back to breakeven (except Nasdaq).

NOTE - Equity - Markets - Europe - Bond

NOTE - US equity markets stopped falling when Europe's bond market closed at 12ET.

S&P bounces at its 50DMA once again...

Caps

Small Caps broke back down to their 200DMA...

Nasdaq slumped through its 50- and 100-DMA...and tried to bounce back up to its 100DMA..

VIX - Today - Stocks

VIX spiked today but rebounded back lower as stocks rebounded....
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