Nothing to see here, move along...China commodity carnage, US data dismal, and a Fed meeting that has to err on the side of hawkishness...
The commodity carnage in China continued overnight...
But for the 4th day in a row, authorities intervened to support Chinese stocks...
And that provided some hope oveernight into the US open...
On the day - very mixed - Nasdaq underperformed but Trannies & Small Caps squeezed higher...Dow/S&P Unch...
Once again, VIX was smashed into the close in an effort to maintain Dow 18,000...BUT FAILED
Another day, another short squeeze...lifts Trannies & Small Caps
AAPL was chaotic today into earnings...
FANGs had their worst 3-day run in almost 3 months, back to 6-week lows...
Treasury yields rose for the 2nd day heading into The Fed meeting, with a wider range today...
The USD Index drifted lower once again... (though notably JPY weakened also)...
Copper drifted lower - dragged by the industrial metal collapse in Chinas but crude and PMs all rallied on the weaker dollar...
Crude algos panic-big oil prices above $44, running yesterday's high stops ahead of tonight's API report...
Charts: Bloomberg
Bonus Chart: Macro madness...