Stocks, Yield Curve Slammed After China Hike, Draghi Taper, & Tax Tumult

www.zerohedge.com | 12/15/2017 | Staff
urbanagirl3 (Posted by) Level 3


Did Senators Lee and Rubio (and Hatch) just go full "Leeroy Jenkins"?

A surprise China rate hike (and disappointing retail sales) sparked weakness in Chinese stocks...

Cash - Motivate - Others

Can $10,000 Cash Motivate Others to Succeed?

Mario Draghi managed to talk the Euro and Bund yields lower (despite attemptting to raise inflation forecasts)...

FOMC - Meeting - Bonds - Bullion - Stocks

Since the FOMC meeting, Bonds and Bullion are well bid as stocks and the dollar sink...

US equity indices were all lower on the day, despite valiant attempt at a late day rally... Small Caps were worst followed by Trannies...

Correlation - Stocks - VIX

But we note the correlation between stocks and VIX remains extreme...

High Tax companies underperformed once again...

Lines - Value - Factor - Days - Tax

Along the same lines, value factor has notably underperformed the last few days as tax hope fades...

And financials have suddenly started to weaken in the last two days...

Sending 2s30s tumbling 5bps...
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