If you own Netflix alone in your portfolio – everything is awesome in the world – if you own anything else, not so much…
Video length: 00:00:12
Spot the odd one out…Nasdaq (green) vs World Stocks ex-US, the UST yield curve, EM FX, SIFIs, and Global Macro data…
China was ugly this week…
Emerging Markets ugly across all asset classes…
DAX ended the week ugly – Trump trade tariffs on autos – but FTSE managed to end with a gain…
Heavy volume in US markets on the Russell rebalance today.
Since Fed Day, The Dow is down around 3% and Nasdaq and Small Caps up around 1% (losing some ground the last two days)
On the day, S&P and Dow managed gains – flipping the script on the week…ugly close into the rebalance.
On the week in stocks:
Dow’s worst week in 3 months (ends 8-day losing streak, worst in 40 years)
Trannies’ worst week in 3 months
S&P worst week since early April
Nasdaq ended the week lower – first down week in a month
Small Caps up (barely) for 8th week in a row
Here’s the culprit for the tech wreck – Red Hat missed… (biggest drop since Oct 2006)
“Most Shorted” Stocks up for the 8th time in the last 9 weeks… (the biggest short-squeeze ever)…
But it has paused a little the last two days (but we’ve seen this before)…
NYSE FANG+ Stocks ended the week lower – first down week in a month – even with dip-buyers scrambling in every day…
After a four week melt-up short-squeeze, Tesla stocks and bonds tumbled this week…
