S&P 500

'Hard' Data takes another dip to 28-month lows (as Import Prices disappoint)...

But as Leslie Nielsen says...

Yesterday was a landmark day for the ECB. First, the central bank disclosed that its CSPP, or corporate bond, holdings rose above €100Bn for the first time. As DB's Jim Reids notes this morning, to put things in perspective, a similar market cap company would be the 18th largest in the Stoxx 600 and 42nd largest in the S&P 500. It's also roughly equivalent to the annual national output of Kuwait - the 59th largest economy in the world as of 2016."

Bulletin headline summary from RanSquawk

Authored by Kevin Muir via The Macro Tourist blog,

I am sure to madden a bunch of readers this afternoon, but here it goes nonetheless. For most of the spring and early summer, there were two poster children of speculative froth.

The first was Tesla. Egged higher by Elon Musk’s tweets poking fun at the skeptical short sellers, this stock was seemingly unstoppable. Rising from $240 in March, TSLA ticked at $387 in late June, squeezing the shorts by 61% in the space of one quarter.

Judging by the volume and volatility today, this is the market's attitude...

Volume in the S&P 500 ETF (SPY) was its lowest non-holiday day since 2005!!