Bear Market: The Average U.S. Stock Is Already Down More Than 20 Percent
Submitted by Michael Snyder via The Economic Collapse blog,
Submitted by Michael Snyder via The Economic Collapse blog,
While equities continues to plunge in what increasingly appears to be a straight line (sorry JPM) with the occasional mini short covering rally, and are fast approaching the August 24 ETFlash crash lows, the Treasury complex has been relatively quiet. While the lack of recent buying interest may be explained with concerns over ongoing reserve liquidations by the likes of China and Saudi Arabia, if Citigroup is right, that may be about to change.
Carnage continues. Small Caps have now joined Trannies in bear market territory (down 20% from the highs to September 2014 lows). S&P 500 is now in correction mode (down 10.7% from all-time-highs) as is Nasdaq.
Trannies down 27% from ATH...
Small Caps down 20% from ATH...
And The S&P 500 is in "correction"
By EconMatters
The Mining Industry Approach
While some central banks prefer to stealthily 'manage' their markets, a bid here, a stick-save there, today's epic intervention, short-squeeze, carry-trade-carnage in Offshore Yuan is the most visible hand yet in the new normal world of central planning. USDCNH is now down over 850 pips on the day - a record 1.25% strengthening in the offshore Yuan...
CNH is now 15 handles stronger from the "halt" spike lows last week...
This is the biggest single-day drop in USDCNH (strengthening in Offshore Yuan) since records began...