TWO DOWN DAYS IN A ROW...
The Dow Jones Industrial Average shocked investors today as it suffered a second consecutive day of losses - the first time since before the election...
Despite best efforts at slamming VIX once again (for the 5th day in a row), Dow 20k eludes...
Another disappointed trader...
DOW almost 20000#GIDDYUP be patient #EmeraldCity is getting closer and closer pic.twitter.com/tPLZONoVFS
— peter tuchman (@Ptuchmannyse) December 20, 2016
US Stock market breadth remains weak...
Small Caps and Trannies slipped into the red for the week, S&P (green) managed to bounce off unch for the week...
Retail stocks were monkey-hammered - worst day since May - on personal income weakness and reported holiday spending drop...
Off the pre-Election lows, Small Caps remain the biggest winner (and Nasdaq the laggard)...
As a reminder all of the market's gains of the last two years are in this post-Trump period...
Financials slipped lower for a 2nd day (now red post-Fed)...
Monte Paschi Sub bonds bloodbath'd as the bailout/bailin looms (20c on the dollar?)
But post-Referendum, Unicredit has exploded...
Slightly off topic, we note that Indian stocks are now red year-to-date...
And Philippines stocks have plunged since Duterte slammed Obama...
The USD index limped higher on the day thanks to Sterling and Aussie weakness...
4th day in a row of overnight Treasury selling and US day session buying...
Silver took a tumble today after panic bids around the US open, crude fell back into the red for the week...
Bitcoin was aggressively bid to 3 years highs (China and India)...