by ZeroHedge Staff at ZeroHedge
No rescue from Powell’s pain as Putin’s promises pissed off more people from Poland to Paris over the weekend…
US futures attempted a half-arsed rally overnight but that was all puked back as the cash markets opened…
This left Nasdaq down 7 straight days – its longest losing streak since Nov 2016…
All the US majors attempted rally up to thjeir 50DMAs last week have now failed as fresh cycle lows and being made….
But the Nasdaq has further to fall to catch down to STIRs’ reality…
Source: Bloomberg
Bonds were also clubbed like a baby seal on the day, with yields up 13-14bps across the entire curve (only the short-end saw modest outperformance – up ‘only’ 10bps)…
Continue Reading