Give thanks? “You get nothing!!”
Dow’s worst Black Friday performance since 2010.
Chinese stocks tumbled after a supported start to the week – this is the worst week for China in six weeks…
European stocks were also down across the board…
Dow was the week’s biggest loser but this was Nasdaq’s worst week since March…ugly close…S&P has confirmed its correction, closing down 10% from its record closing high…
Futures show the weakness during yesterday’s cash market holiday was quickly erased by the machines at today’s cash open… and then dumped…
Nasdaq’s mid-week bounce managed to get it back into the green barely for the year – everything else is red for 2018…
The early week bounce in FANG stocks faded…
Financials had an ugly week…
Credit had an ugly week with IG spreads blowing out to fresh cycle highs (even as VIX compressed)…
Treasury yields ended the week mixed with the short-end marginally higher and the rest of the curve lower in yield – despite the collapse in stocks…
Inflation breakevens tumbled to their lowest since Dec 2017, tracking oil lower…
It appears the broad derisking across bonds and stocks on Tuesday decoupled the two asset classes on the week…
The Dollar rallied back up to last Friday’s pre-plunge highs again…
Cable slid today as reality hit that the Brexit ‘deal’ still has plenty of hurdles ahead…
Crude was the week’s biggest loser as the rest of the commodity space largely trod water…
